FX platforms switch off ruble trading
Fears over liquidity and settlement behind shutdown
Foreign exchange platforms Bloomberg Tradebook and FastMatch have stopped trading the Russian ruble. The latter suspended it on December 15, following concerns from prime brokers (PB) and liquidity providers that prices will not be provided by some banks and current trades might not settle over the holiday season.
Dmitri Galinov, chief executive at FastMatch, said in an interview with FX Week that banks had taken several different approaches to how they were dealing with unprecedented levels of
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