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#1 17-12-2014 08:28:08

johnedward
Admin & Trader
From: Paris - France
Registered: 21-12-2009
Posts: 2447
Website

FxPro: Rouble trading suspended until further notice

FxPro: Rouble trading suspended until further notice


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Email received this morning from FxPro:

Dear Client,

Due to the current Russian Rouble market conditions, trading on USDRUB & EURRUB will be suspended across all platforms until further notice. The decision has been taken by FxPro due to the lack of liquidity available from our Liquidity Providers and the extreme volatility which is currently being seen in both RUB pairs.

FxPro will resume pricing these pairs once the market stability returns and our Liquidity providers are providing sufficient liquidity for RUB pairs to be tradable.

We would like to apologize for any inconvenience caused by this trading suspension, however due to the current market circumstances we cannot offer trading on the RUB pairs at this time.


Kind Regards,
Customer Support

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"Anything worth having is worth going for - all the way." - J.R. Ewing

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#2 17-12-2014 12:19:14

johnedward
Admin & Trader
From: Paris - France
Registered: 21-12-2009
Posts: 2447
Website

Re: FxPro: Rouble trading suspended until further notice

UPDATE:

Dear Client,

Please be informed that pricing on RUB pairs (USD/RUB & EUR/RUB) will resume at 14:00 (Server time) on 17/12/14. Please be aware that during this period of increased market volatility, spreads may widen significantly and periods of illiquidity may also occur, these may also result in further suspensions to the RUB trading sessions.

Clients should also take caution when trading these pairs due to the extreme volatility which is being experienced at this time, trading such volatile pairs may result in clients receiving significant slippage on their orders due to thin liquidity and widened spreads.

Any further trading suspensions may result in clients with open positions not being able to close until trading is resumed in the future.


Kind Regards,
Customer Support


"Anything worth having is worth going for - all the way." - J.R. Ewing

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#3 17-12-2014 14:41:31

johnedward
Admin & Trader
From: Paris - France
Registered: 21-12-2009
Posts: 2447
Website

Re: FxPro: Rouble trading suspended until further notice

Yet another UPDATE:

Dear Client,

In order to best protect your trading interests from heightened market volatility, FxPro will be temporarily reducing the leverage requirement on RUB pairs to 1:10 on both MT4 and cTrader platforms, as of 17/12/2014

Should you have any questions please do not hesitate to contact us directly.

Best Regards,

FxPro Dealing Desk


"Anything worth having is worth going for - all the way." - J.R. Ewing

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#4 22-12-2014 20:43:34

johnedward
Admin & Trader
From: Paris - France
Registered: 21-12-2009
Posts: 2447
Website

Re: FxPro: Rouble trading suspended until further notice

Here we go again...

UPDATE part 3:

Rouble Trading Suspended Until Further Notice
    
Dear Client,

Due to the current Russian Rouble market conditions and the holiday season approaching, trading on USDRUB & EURRUB will be suspended across all platforms until further notice.

The decision has been taken by FxPro due to the lack of liquidity, as many of our Liquidity Providers stopped pricing these symbols. Trading will resume once our Liquidity providers are providing sufficient liquidity for RUB pairs to be tradable.

Any clients with open positions should call the Trading Desk In order to be provided with quotes they can close their trades.

We would like to apologize for any inconvenience caused by this trading suspension, however due to the current market circumstances we cannot offer trading on the RUB pairs at this current time.

Kind Regards,
Customer Support


"Anything worth having is worth going for - all the way." - J.R. Ewing

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#5 05-01-2015 16:04:46

johnedward
Admin & Trader
From: Paris - France
Registered: 21-12-2009
Posts: 2447
Website

Re: FxPro: Rouble trading suspended until further notice

UPDATE part 4:

RUB Pairs Resume Trading
    
Dear Client,

We are pleased to inform you that RUB pairs (USDRUB/EURRUB) will resume trading on 06/01/2015 at 10:00 (server time). Due to an improvement in the liquidity available we are now in a position to continue offering these pairs for trading.

Despite the improvement in available liquidity we would like to warn clients trading RUB that these currency pairs are still experiencing periods of extreme volatility with severely widened spreads and shortages of liquidity often occurring.

FxPro will continue to monitor the current market conditions of the Rouble and if necessary may disable trading again in the future.

Should you have any questions please do not hesitate to contact us directly.

Best Regards,

FxPro Dealing Desk


"Anything worth having is worth going for - all the way." - J.R. Ewing

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