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Russian Financial Markets: 2017 year-end Results

Yury Danilov – Leading Research fellow of the Structural Research Department, Russian Presidential Academy of National Economy and Public Administration, Candidate of Economic Sciences. E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Russian financial markets continued to see their turnover expand in 2017, led by the firmest growth in over-the-counter (OTC) segments. However, the bias towards speculative trading primarily in FX assets was, as before, characteristic of the turnover structure. Financial market’s money and FX segments contributed most to the exchange-based turnover structure. Stock market capitalization changed insignificantly from what it was a year earlier. Russia’s local bond markets continued to experience a buoyant growth. The government bond market liquidity increased considerably, whereas the corporate bond market liquidity was down on the back of increased OTC bond issuances.

Key words: financial market, stock market, bond market, exchange and non-exchange segments of financial market, derivatives market, nonbank financial institutions.