Moscow Exchange (MOEX) today announced further collaboration with the Shanghai Stock Exchange (SSE) as the two exchanges signed a strategic cooperation agreement during a meeting in Moscow on Monday of this week, May 22nd 2017. The strategic cooperation agreement focuses on a number of areas of shared interest to MOEX and SSE that can support…
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It was just announced today from Swiss Forex Bank and Marketplace Dukascopy they have expanded their range of FX instruments. Available now Euro to Russian Ruble (EUR/RUB) has been added on live trading platforms. Maximum leverage on EUR/RUB is set to 1:10. The new currency pair is available only for self traders' accounts.
Read moreCME Group (CME) is set to use the official Moscow Exchange (MOEX) reference rate for Russian ruble contracts come Sunday July 17th. Since 1998 after spot auction currency trading at the Moscow Interbank Currency Exchange (MICEX) was suspended, the Chicago Mercantile Exchange and EMTA (Emerging Market Traders Association) began publishing a Ruble/Dollar exchange rate. CME and EMTA established…
Read moreRussian bank Sberbank today launched a new electronic trading offering within its investment banking division. The platform is called Sberbank Markets and supports multiple asset classes and streamlines trading, trade confirmation and settlement. Sberbank claims this will lead to lower processing costs. Sberbank Markets provides the bank's clients with access to Sberbank's FX liquidity, offers…
Read moreIn a bid to protect the banking sector from possible further ruble declines, The Bank of Russia officially suggested over the weekend setting increased risk ratios on FX loans and debt investments to ensure additional capital coverage of currency risks of the banking sector. In particular, an increased risk ratio equal to 1:1 is envisaged to be imposed on…
Read moreThe Russian ruble weakened to an all-time low in the high 79-80 range to the dollar Wednesday, with some anticipating an even further decline amid cheap crude oil prices and Western sanctions over Ukraine. The ruble has lost over half its value against the greenback in the last two years, dropping past the previous low from December 2014. Russia…
Read moreSwissquote, Switzerland’s leading online bank, announced the addition of two new currency pairs and eight forward CFDs to its already diverse range of trading products. Swissquote’s decision to offer the offshore Chinese Yuan and additional Russian Ruble cross comes at a time of significant fluctuations for these currencies and is the bank’s response to increasing demand from traders looking…
Read moreBloomberg first reported on the confidential investigation in which U.S prosecutors are using cooperation agreements it reached with banks in May to gather information and interview traders about suspected market rigging.
Read moreThe plaintiff, Mr. V. A. Simonov's court claim argues that the Central Bank's inaction toward the falling value of the ruble "subsequently led the government into a crisis," Russian news agency RIA Novost reported.
Read moreMinimum initial margin requirements were increased in December 2014 in response to substantial volatility in the ruble exchange rate and on the Russian securities market.
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