Moscow Exchange suspends CHF trading
Moscow Exchange (MOEX) announces that, effective June 14, 2022, trading in Swiss francs (CHF) on its FX market is suspended.
The restrictions will affect trading in spot and swap instruments based on CHF/RUB and USD/CHF on exchange and over-the-counter.
The Exchange blames the halt on difficulties in CHF settlements encountered by trading participants and infrastructure issues due to the implementation of restrictions by Switzerland on June 10, 2022.
MOEX explains that it meets its obligations on earlier placed orders as usual. However, some delays in the transfer of CHF to client accounts is possible.
The Moscow Exchange Group is collaborating with correspondent banks in order to resume trading in CHF. The Exchange promises updates in due course.