On 29 January 2018, Moscow Exchange (MOEX) announced that it has started trading the Turkish Lira/Russian Rouble (TRY/RUB) currency pair. On its first day, the instrument saw turnover of RUB 1.5 million (TRY 100 thousand). Initially, the Turkish Lira is available for buy/sell transactions with settlement on the trade date (TRYRUB_TOD) and a 100% margin…
Read moreTurkey’s treasury is set to pave the way for foreign investors to issue foreign exchange-based securities as part of the Istanbul Finance Center project, in a move to attract more foreign investors into the country’s capital markets, Hurriyet Daily News has announced. Deputy Prime Minister Mehmet Şimşek commented: Foreign investors and issuers can make transactions…
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Turkish President Recep Tayyip Erdoğan noted yesterday that there is no difference between an armed terrorist and a terrorist holding dollars, euros and interest, describing the goal of the latter to take over the country. The President also mentioned that the currency is being used as a weapon and noted that the Central Bank and other…
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This article was written by Ipek Ozkardeskaya, Senior Market Analyst at FCA regulated broker London Capital Group Holdings plc (LON:LCG). The Turkish lira has depreciated significantly against all of the G10 currencies, except the pound over the last 12 months. The euro has gained 13% against the Turkish lira since December 11th 2015, with the…
Read moreDukascopy Bank, regulated by the Swiss Financial Market Supervisory Authority FINMA and its EU regulated subsidiary announced today that due to possible risk of significant price gaps and low liquidity on Turkish lira (TRY) instruments, which may cause negative equity on client accounts, Dukascopy Bank and Dukascopy Europe are implementing a maximum leverage of 1:10…
Read moreLeading CySEC and FCA regulated broker FxPro is informing clients that normal trading activity on Turkish lira (TRY) pairs will be re-enabled on all platforms on Monday, July 25, 2016, at 12.00 (GMT+3), subject to an increase of margin requirements to 5% for all existing and new positions. On Sunday July 17 FxPro informed clients…
Read moreThe Turkish lira kept some balance, with the dollar down 2.75% at 2.9360 and reversing much of the gains it made on Friday when its highest was around 3.0476. Ankara commented that it was in control of the economy and the country. The crackdown on suspected supporters of the failed military coup was widened, taking…
Read moreFCA and CySEC regulated broker FxPro informed clients today that as a result of the apparent attempted coup in Turkey and the increasing volatility across the markets, the following trading conditions went into effect upon Market Opening on Monday, July 18 (00:00 GMT+3): - "Close Only" functionality enabled on FxPro MT4 and FxPro MT5 on all…
Read moreWell here we go again. Less than a month after the UK Brexit referendum led (most) Forex brokers to take precautionary measures - such as raising margin requirements for both new and existing positions, and setting some currency pairs to Close-Only - the attempted overthrow of the Turkish government over the weekend is doing the…
Read moreThe Turkish lira vs Japanese yen currency pair is set to be available for OTC trading from August 2015.
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