LMAX prepares to suspend ruble trading at 4.00pm

The situation which continues to blight the Russian ruble due to low liquidity has resulted in London-based multilateral trading facility LMAX preparing to suspend ruble trading indefinitely, with effect from 4.00 pm UK time today.

LeapRate spoke to a representative at LMAX today, who confirmed the position of the company.

This move follows a number of brokerages which have reduced leverage to negligible levels, and in some cases suspended it completely until further notice.

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