Friday, 16 January 2015

SNB decision forces Russia’s Alpari to suspend trading with CHF pairs

The decision by the Swiss National Bank has prompted the biggest FX broker in Russia to switch trades with CHF pairs to “Close Only” mode.
Alpari, the leading Forex broker in Russia, was one of the first companies to react to the sharp appreciation of the Swiss Franc following the snap decision of the Swiss National Bank this morning to abandon the limit on the exchange rate of the CHF against the EUR. In response to the increased volatility and the dried-up liquidity for the Swiss currency, the Russian FX broker reacted by temporarily suspending trading with the instruments that feature the CHF.
The measures that went into effect early today affect the following currency pairs: EURCHF, USDCHF, GBPCHF, CHFJPY, AUDCHF, NZDCHF, CADCHF, CHFSGD, CHFPLN, with the move affecting all servers and account types.

 

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