Translation. Region: Russian Federation –
Source: Moscow Exchange – Moscow Exchange –
An important disclaimer is at the bottom of this article.
Trading volume on the Moscow Exchange money market by non-financial companies in 2025 doubled compared to 2024, reaching 248 trillion rubles. Of this, Russian businesses concluded transactions worth 217 trillion rubles through brokerage access (98% of the 2024 volume).
The number of non-financial companies that entered into repo transactions on the Moscow Exchange money market in 2025 through brokerage access, exceeded 11,800, which is one and a half times more than the previous year. Of these, almost 7,400 companies entered into repo transactions worth 23.7 trillion rubles through brokers in December 2025—record figures for the entire history of money market trading.
Over the course of last year, nearly 140 Russian non-financial companies managed available liquidity in the money market directly without a broker, whereas in 2024, the number of such companies was a quarter fewer.
Dmitry Danilenko, Director of Money Market Development at Moscow Exchange:
"In 2025, record-breaking activity by Russian companies in the money market continued to grow. Retail investors also demonstrated steady growth – over 1.1 million people purchased money market fund units in 2025, with the total number of unit holders exceeding 2.4 million. This confirms the versatility of the money market as a liquidity management platform – it is effective for companies of all sizes seeking to profitably manage their available funds, as well as for private investors seeking a reliable way to preserve and grow their capital. We will continue to develop these instruments in partnership with market participants."
The total open position of Moscow Exchange money market participants and their clients reached a new all-time high last year, reaching 21.8 trillion rubles in December (the previous record was 19 trillion rubles in December 2024). The largest growth was observed in the CCP deposit segment, with the maximum open position exceeding 800 billion rubles, 2.7 times higher than the previous year. More than 300 Russian companies have access to the CCP deposit segment.
The average daily volume of transactions by all money market participants increased by 28% last year compared to the 2024 figure, reaching 5.3 trillion rubles, including 4.1 trillion rubles in repo transactions with the Central Bank (45%) and 539 billion rubles in deposits with the Central Bank (a 2.2-fold increase).
In 2025, Moscow Exchange launched service interim payments under targeted repo transactions, expanded A wider range of currency repo transactions has been expanded (in addition to Russian rubles and Chinese yuan, transactions settled in Kazakhstani tenge and Belarusian rubles are now available). Furthermore, the exchange has resumed evening repo transactions and launched an accrued yield index. RUSFARIND, and also extended the calculation of the family of indicators RUSFAR REAL TIME until 18:00, which increased the transparency of the formation of money market rates.
Money market The Moscow Exchange is one of the most important segments of the Russian financial market, used by financial companies, large, medium, and small businesses, and individual investors to manage their liquidity. Money market instruments include repos with the Central Custody Transfer (CCT), repos with the Central Custody Transfer (CCT), repos with the Bank of Russia (CBR), interdealer repos, deposits with the CCT, loans, and deposit and loan auctions. Trading is organized by the Moscow Exchange, and clearing and settlement are performed by the National Clearing Center (NCC, part of the Moscow Exchange Group).
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.
