Gorlov, from ad agency Foba, will be charged with the development of standards and corporate ethics rules in FX advertising
Read moreSelf-regulatory authority TSRFIN has appealed to the Central Bank of Russia for amendments to rulings on margin FX due to increase of fraudulent activity.
Read moreThe union, effective from the start of 2015, will implement non-tariff regulations. The newly formed 'Eurasian Union' will “gradually align” their currency and monetary policies.
Read moreThe following press release is translated to English from Russian courtesy of Google Translate, with some editing to make it more clear. The news alert is concerning a new FX related business violating rules of Russian self regulatory watchdog TSRFIN and which in turn means it has been black listed as high warning to investors…
Read moreHere is the press release (translated) from the Russian self-regulatory organization tasked with monitoring FX in mother Russia. Online trading company known as MMCIS Group was added to the black list of companies to avoid doing business with. They violated a number of maxims laid down by the organization...Members of TSRFIN can not use deceptive…
Read moreJust a few months after severe unrest plagued Ukraine, its central bank has stated that there is no requirement for intervention and that its FX market is stabilizing The Ukrainian central bank sees no need for intervention on the currency market, which has shown signs of stabilization, a bank official has stated today according to…
Read moreFX market turnover in February was RUB 23.0 trln (more than double March 2013's RUB 10.1 trln) FX market turnover on the Moscow Exchange in March was RUB 23.0 trln (more than double March 2013"s RUB 10.1 trln), including spot trades of RUB 7.3 trln (32% of the total) and swap trades of RUB 15.7 trln (68%). The FX market's average daily turnover was…
Read moreCorporate demand among Russian companies wishing to do business overseas has led to Sperbank CIS's imminent launch of corporate FX marketplace via open platform Russian financial market participants are portraying an increasing will to provide institutional trading facilities overseas via connectivity of Moscow's executing venues to global liquidity pools, as well as the national government's…
Read moreNewly installed Russia regulatory head Sergey Shvetsov seems to be heading strongly toward regulating the forex sector. As first appeared in Forexbrokerz... Deputy Chairman of the Central Bank of the Russian Federation Sergey Shvetsov was quoted in ITAR-TASS (in Russian) as saying that as financial regulator he is looking at banning advertising by foreign brokers in Russia.…
Read moreRussia forex volumes have been strong this year – will this latest move lead to more volatility? One of the fastest growing FX markets of 2013 has certainly been Russia, leading to one month after another of record forex trading volumes for Russia FX market leader Alpari. (LeapRate estimates that Alpari has an approximate 40% market…
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