Translation. Region: Russian Federation –
Source: Moscow Exchange – Moscow Exchange –
An important disclaimer is at the bottom of this article.
The total volume of transactions on the Moscow Exchange derivatives market at the end of January 2026 amounted to 14.5 trillion rubles (8.3 trillion rubles in January 2025). The volume of open positions on the exchange-traded derivatives market at the end of the month amounted to over 2.3 trillion rubles (2 trillion rubles in January 2025).
In January, 145,000 people (20% of the January 2025 level) or 205,000 active accounts (27% of the January 2025 level) traded futures and options on the Moscow Exchange. Individuals accounted for 57% of the total exchange-traded derivatives trading volume.
Commodity futures and options accounted for 70.9% of retail transactions in January, currency pairs accounted for 16.7%, and index and stock derivatives accounted for 12.4%. The total volume of transactions by private investors increased by 51%, reaching 8.1 trillion rubles in January.
The TOP 10 most popular instruments in individuals’ portfolios[1] as of the end of January were futures contracts on silver (SILV) and silver (mini) (SILVM), quarterly futures and perpetual futures on the Chinese yuan – Russian ruble pair (CNY, CNYRUBF), perpetual and quarterly futures on the US dollar – Russian ruble pair (USDRUBF, Si), futures contract on natural gas Henry Hub (NG), perpetual futures on the Moscow Exchange Index (IMOEXF), quarterly futures on gold (GOLD) and futures on Brent oil (BR).
The evening trading session accounted for 15.5% of total trading volume on the derivatives market. Morning trading in January accounted for 6.3% of total trading volume. Weekend trading volume on the derivatives market amounted to 107 billion rubles.
In January 2026, the derivatives market saw a record trading volume of precious metals derivatives – 6.3 trillion rubles (the previous peak was in October 2025), driven primarily by increased volatility in silver and gold prices on global markets. The sharp rise in popularity of precious metals derivatives is also driven by the wide range of opportunities for implementing trading strategies, including hedging positions on the spot market.
Average daily trading volumes of metal derivatives increased compared to the same indicator at the end of 2025 and amounted to:
Gold – 120 billion rubles (1.6 times increase), Silver – 177 billion rubles (10 times increase), Platinum – 23.4 billion rubles (4.6 times increase), Palladium – 10.6 billion rubles (3.1 times increase).
67,000 investors traded these instruments in January. The total open position in precious metals instruments increased by 49% in January, reaching 239 billion rubles.
The Moscow Exchange Derivatives Market is the leading derivatives trading platform in Russia and Eastern Europe, combining advanced infrastructure, reliability, and guarantees, as well as state-of-the-art futures and options trading technologies. Today, the Moscow Exchange derivatives market trades 41 stock options, 3 currency options, a gold option, an index option, and over 160 futures contracts and options on them, with underlying assets including stock indices, stocks, currency pairs, precious and industrial metals, oil, gas, and other commodities, as well as interest rates.
Contact information for media: 7 (495) 363-3232PR@moex.com
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.