FXCM closes out existing RUB trades at noon EST
US retail broker FXCM closed out all existing ruble positions on December 16, after it says western banks stopped pricing USD/RUB trades.
"Please be advised that most western banks have stopped pricing USD/RUB. As such, FXCM can no longer offer this instrument to our clients and will begin closing any existing client trades in USD/RUB effective at noon EST today, December 16, 2014," a spokesperson for the company told FX Week.
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