Citing unstable price feeds and high roll-over rates as not corresponding to the standards of Dukascopy and also the high risk to both clients and Dukascopy as reasons for the halting of trade.
Read moreThis afternoon, after a brief suspension which lasted a matter of a few hours, FxPro has reinstated the trading of instruments which include the Russian ruble, setting a temporary leverage limit of 1:10
Read moreWith the ruble drama gathering steam in December and particularly this week, we have seen ruble dealers slash their leverage and also completely pull out of dealing in the currency, which isn't a huge generator of volume to begin with but still causing a big enough shakeup for brokers to issue statements to traders. With…
Read moreBig news continues as one of the largest Forex brokers in the world and LeapRate regulated list member, FXCM (NYSE: FXCM) now halts ruble trading as reported by CNBC. The turmoil in the ruble market is continuing as Russia looks to avert a currency crisis into a full blown collapse. While Vladimir Putin is blaming…
Read moreAlpari RU has now replaced staged leverage on ruble pairs to a fixed 1:10 regardless of notional volume, echoing the actions of several FX firms today, and the proposed plans of many more
Read moreAlpari UK has today announced that it has suspended ruble trading against the US dollar across all platforms, and that USD/RUB positions have been set to close only
Read moreThe voice from within: LeapRate investigates as a series of FX brokers begin to review the leverage offered on ruble pairs. What is the industry's perspective?
Read moreThe ruble jumped against the dollar after Russia sharply hiked its benchmark interest rate to halt a collapse in its currency. The Russian central bank raised its key interest rate to 17 percent from 10.5 percent, in a move it said was aimed at curbing increased devaluation and inflationary risks.
Read more"There's no relief in sight, the mood on the market is pessimistic," said Igor Akinshin, a trader at Alfa Bank. "Any recovery in the ruble is used to buy into foreign currencies," Mr Akinshin said.
Read moreAccording to Alpari RU, the high volatility on RUB pairs, encouraged by the decision of the Bank of Russia to let the currency float freely, has led to changes in the services provided by counteragents, thus the search for new liquidity providers begins
Read more