Russian ruble
Ruble liquidity split unsettles market
EBS and Thomson Reuters are among the hardest hit by a dearth of offshore liquidity as some market-makers pull back from the ruble
Bank of Russia sells $1.4 billion to prop up ruble
Central bank intervenes in foreign exchange market to support currency as it continues to slide against the US dollar; commentators split over prospect of rate hike
CLS faces up to Eastern realities
CLS suspends operational trials of the ruble and will delay the currency's adoption from its original November deadline
Plans for new USD/RUB benchmark fall flat
EM benchmark concerns remain as EBS and Moex fail to agree on terms for USD/RUB fixing after two years of talks
Russian banks face higher borrowing costs
Banks and corporates face higher funding costs and loan rates, but government support lends a lifeline
Icap cuts 100 brokers across asset classes
Handful of brokers in Russian instruments impacted, but broker will maintain ruble spot FX desk
Russian central bank eases ruble restrictions
The central bank is working towards a free-floating ruble exchange rate by 2015 and lifts restrictions as political tensions ease
CLS will adhere to US sanctions on Russia
The ruble looked set to become the 18th currency to be settled through CLS, and while both the CBR and the industry utility are committed to the deadline, political uncertainties remain
CLS set to add Russian ruble in November, source says
Industry settlement utility CLS is poised to add the ruble to its currency universe in November
LMAX chief executive predicts FX volumes to double by 2020
LMAX has added offshore renminbi and the Russian ruble to its growing list of currencies as it hopes emerging markets will spark dramatic growth in FX volumes
Sberbank looks to FX growth as ruble accelerates
As Russia's central bank looks to a free-floating currency regime by 2015 and CLS pushes the addition of the ruble, Sberbank's new FX trading head Steven Weller sees significant growth opportunities
BCS Prime eyes domination in USD/RUB market
Having given HFT firms direct access to the Russian ruble, the new UK subsidiary of Russian brokerage BCS is now looking to diversify its client base into the institutional market
FastMatch signs with TMX Atrium for low-latency connectivity
Start-up spot FX platform joins network to lower transatlantic latency and leverage global coverage
Saxo Bank adds ruble pairs to options platform
USD/RUB and EUR/RUB will be added today as the Danish bank answers increasing client demand for the ruble
Russia's ruble expected to become major currency by 2015
Market participants are bullish about the ability of the ruble to quickly penetrate the group of top global currencies, but settlement issues remain the biggest obstacle
Traditional reserve currencies on the decline, says Pimco
Pimco's chief operating officer is bearish on major currencies, expressing the fund's preference for emerging markets, particularly the ruble and renminbi
Moscow Exchange to add more ruble products by year-end
The addition of new FX swaps and futures is expected to push further growth on the Moscow Exchange, officials say
Breakdown in correlations leads to forex discrimination
Risk aversion has returned, breaking down correlations between assets and leading to investor discrimination between currencies. Mitul Kotecha looks at who stands to gain from this shift in appetite
EBS and Moscow Exchange unveil plans for dollar-ruble fix
EBS says venture comes in response to market concerns about methodology of existing rate
Forum supports board of approval to vet Russian nostro banks
Participants at the International Ruble Settlement Forum agree initiative needed to promote use of real-time settlement in Russia
Reserve managers avoid Bric currencies despite increase in risk appetite
Central banks look to diversify reserves in search of higher yield, but still consider emerging market currencies too risky
Sberbank CIB appoints FX trading chief
Steven Weller, who formerly headed FX for Asia-Pacific at Barclays, joins Russia's Sberbank in Moscow
Russia remains slow to adopt real-time settlement
Participants believe the development of Russian ruble trading could be in deadlock as a result of the slow adoption of real-time gross settlement by Russian banks
Ruble poised for growth after bond market liberalisation
As the bond market continues to open up and Moscow Exchange prepares to go public, FX market participants are eyeing potential opportunities for the ruble