Saxo Bank issues warning about RUB pairs
Multi-asset investment specialist Saxo Bank has added its voice to the chorus of warnings about Russia-related assets volatility.
The Japanese subsidiary of Saxo Bank has published a notice to traders regarding Russia-related trading instruments, including Russian ruble pairs, such as USD/RUB and EUR/RUB. Due to the increased tensions between Russia and Ukraine, there may be sudden fluctuations in the price of these instruments.
Furthermore, the broker may introduce trading restrictions or suspend transactions in these instruments due to changes in the surrounding situation or a decline in liquidity.
Traders are advised to continue to pay attention to position management.
In January, the Japanese subsidiary of electronic trading major IG has warned of possible changes to trading conditions for Russian ruble (RUB) pairs. In December 2021, Dukascopy cut the leverage on RUB pairs due to the rising geopolitical tensions.