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Moscow Exchange (MOEX), the prime Russian trading venue, today released its financial results for the year ending 31 December 2015, showing very impressive growth considering the sad state of the Russian economy. The firm says higher trading volumes on the FX, bonds and money markets, as well as “increased interest income coupled with strict cost control”, are behind its record financial results.
MOEX’s net income increased 74.1% YoY to RUB 27.9 billion and operating income increased 51.3% YoY to RUB 46.0 billion. EBITDA increased 68.9% YoY to RUB 36.52 billion while operating expenses grew by 8.7% YoY to RUB 11.3 billion, well below Russia’s average rate of ... (read more)