Alpari Russia Announces Resumption of USD/RUB Trading
- The Russian ruble is back on the trading board as Alpari Russia and Alpari UK reopen trading after the market volatility has subsided somewhat following aggressive central bank and finance ministry actions.
After suspending trading in light of significant volatility of the Russian ruble on Tuesday, Alpari Russia has reopened trading on the USD/RUB pair. For the time being the company hasn't mentioned anything about the other major Russian ruble cross, the EUR/RUB.
At the time of publication, LMAX Exchange still hadn't restored Russian ruble trading, signaling to traders that liquidity on this market remains excessively thin.
While Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term remains tight, the moves on the Russian currency market during the past couple of days are nowhere near the carnage observed in what will remain in the history of the Russian financial market as Black Tuesday.
Chatter about a repeat of the 1998 Russian default has been circulating between financial markets aficionados, with the recent round of volatility in the Russian ruble leading many Western dealers to suspend dealing in the currency as clearing and settlement solutions have vanished.
Russian Ruble Daily Chart, Source: NetDania
Alpari was one of the first companies to react to the excessive volatility on the Russian FX market on Tuesday by halting its USD/RUB and EUR/RUB offerings. The firm has also increased its margin requirements on open positions to 1:10.
For the time being, relative exchange rate stability has settled in the Russian Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term market. With Christmas and New Year holidays approaching in both the Western and Russian orthodox world, ruble trading is unlikely to remain quiet for too long.
After suspending trading in light of significant volatility of the Russian ruble on Tuesday, Alpari Russia has reopened trading on the USD/RUB pair. For the time being the company hasn't mentioned anything about the other major Russian ruble cross, the EUR/RUB.
At the time of publication, LMAX Exchange still hadn't restored Russian ruble trading, signaling to traders that liquidity on this market remains excessively thin.
While Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term remains tight, the moves on the Russian currency market during the past couple of days are nowhere near the carnage observed in what will remain in the history of the Russian financial market as Black Tuesday.
Chatter about a repeat of the 1998 Russian default has been circulating between financial markets aficionados, with the recent round of volatility in the Russian ruble leading many Western dealers to suspend dealing in the currency as clearing and settlement solutions have vanished.
Russian Ruble Daily Chart, Source: NetDania
Alpari was one of the first companies to react to the excessive volatility on the Russian FX market on Tuesday by halting its USD/RUB and EUR/RUB offerings. The firm has also increased its margin requirements on open positions to 1:10.
For the time being, relative exchange rate stability has settled in the Russian Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term market. With Christmas and New Year holidays approaching in both the Western and Russian orthodox world, ruble trading is unlikely to remain quiet for too long.