Business model

CLIENTS
2.0 mln Retail investors
699 Professional brokerage companies
26,500 Legal entities
MARKETS
CLIENT SERVICES
MARKET DATA
EQUITY & BOND MARKET
  • Russian and foreign shares
  • Sovereign bonds (OFZ)
  • Regional and corporate bonds
  • Sovereign and corporate Eurobonds
  • Depositary receipts
  • Shares or investment units of mutual funds
  • Mortgage participation certificates
  • Exchange-traded funds (ETFs)
  • Bank of Russia bonds
  • Units of mutual funds and ETFs
Trading Volumes, RUB trln
20.9
2014
20.6
2015
23.9
2016
35.4
2017
40.7
2018
DERIVATIVES MARKET
Futures and options on:
  • Indices (MOEX Russia Index, RTS Index, RVI)
  • Russian and foreign shares
  • OFZ and sovereign Eurobonds
  • Currency pairs
  • Interest rates
  • Oil and sugar
  • Metals (gold, silver, platinum, palladium, copper, aluminum, zink, nickel)
Trading Volumes, RUB trln
61.3
2014
93.7
2015
115.3
2016
84.5
2017
89.3
2018
FX MARKET
  • USD — RUB
  • EUR — RUB
  • CNY — RUB
  • USD — CNY
  • HKD — RUB
  • GBP — RUB
  • GBP — USD
  • CHF — RUB
  • USD — CHF
  • TRY — RUB
  • USD — TRY
  • BYN — RUB
  • KZT — RUB
  • USD — KZT
  • EUR — USD
  • JPY — RUB
Trading Volumes, RUB trln
228.5
2014
310.8
2015
330.0
2016
347.7
2017
348.4
2018
MONEY MARKET
  • Repo with the CCP
  • GCC repo
  • Inter-dealer repo
  • Direct repo with the CBR
  • Repo with collateral management system
  • Deposit operations with the CCP
  • Deposit and credit operations
Trading Volumes, RUB trln
204.4
2014
213.8
2015
333.9
2016
377.1
2017
364.2
2018
COMMODITIES MARKET
  • Gold
  • Silver
  • Wheat
  • Barley
  • Corn
  • Soybean
  • Sunflower seeds
  • Sugar
Trading Volumes, RUB bln
18.4
2014
116.6
2015
137.4
2016
127.6
2017
152.3
2018

Advantages of cycle-protected business model. Fee & commission income:

Equity and bond market Equity Market
2018
20.020.0 %
2017
1.31.3 %
2016
3.2 %
Bond Market
2018
9.69.6 %
2017
33.733.7 %
2016
25.4 %
Derivatives market Derivatives market
2018
15.315.3 %
2017
2.02.0 %
2016
39.5 %
Fx market Fx market
2018
4.34.3 %
2017
11.911.9 %
2016
0.4 %
Money market Money market
2018
13.113.1 %
2017
16.816.8 %
2016
24.8 %
Post-trading
Services
  • Clearing (NCC)
  • Depository and settlement services (NSD)
Depository and settlement services
2018
8.38.3 %
2017
17.417.4 %
2016
2.9 %
OPERATING INCOME
23,647.1 RUB mln Fee & commission income
16,061.0 Rub mln Interest and other
finance income
193.3 Rub mln Other operating income
39,901.4 Rub mln Total