Company news

Boston Technologies is launching USDRUB and EURRUB

Boston Technologies Powered by Forexware LLC, a global provider of foreign exchange trading solutions, is pleased to announce its liquidity partners, Boston Prime Ltd. (UK FCA License # 539846) and BT Prime Ltd., are launching USDRUB (US Dollar /Russian Ruble) and EURRUB (Euro/Russian Ruble) on all of our trading platforms.

What is RUB?

Russian Ruble (RUB) is the official currency of Russian Federation, South Ossetia and Abkhazia. It is subdivided into 100 kopeks, also known as copecks.

The Ruble has experienced increased volatility throughout 2014 as political uncertainty surrounding the Ukrainian conflict has continued to unfold.

The introduction of these Russian Ruble crosses, available November 9th 2014, will satisfy increasing investor appetite for these pairs.

What are the benefits of trading USDRUB and EURRUB with BT Prime Ltd. or Boston Prime Ltd.?

1. Tap into executable ruble liquidity supplied by global counterparties through our effecting Straight Through Processing (STP) solution.

2. Trade USDRUB and EURRUB alongside other FX instruments from a single MT4 interface, BT Xware Trader or via FIX API.

3. Use our trading conditions to conveniently execute small trade sizes (from 0.01 standard lot).

4. Benefit from 100:1 leverage!

"The Russian Ruble is attractive to many investors and as the market for these currencies continues to grow, we have initiated 24 hour ruble trading for our clients. This new two cross addition demonstrates our commitment to support a broad range of emerging market currencies.” said Natallia Hunik, Vice President of Worldwide Sales at Boston Technologies Group of Companies.

Trading Conditions:

Instrument	USDRUB (US Dollar /Russian Ruble)	EURRUB (Euro/Russian Ruble)
Available Liquidity	~1 million (10 standard lots) top of the book**	~1 million (10 standard lots) top of the book**
Min trade size	0.01 lot (1,000 lots)	0.01 lot (1,000 lots)
Max trade size	10 lot (1 million base currency)	10 lot (1 million base currency)
Leverage	1:100	1:100
Average Spread	19 pips (19 kopeks) *Based on all ticks collected throughout the month of October 2014	29 pips (29 kopeks) *Based on all ticks collected throughout the month of October 2014
Access	MT4, BT Xware Trader, FIX API	MT4, BT Xware Trader, FIX API
Minimum deposit	USD $50,000	USD $50,000
Decimals	3 digits	3 digits
Swaps (In base currency per standard lot)	Long: -21.6 Short: 18.13	Long: -21.45 Short: 18.77
Session Times	17:15 US Eastern Time (ET) on Sunday to 16:45 ET on Friday*	17:15 US Eastern Time (ET) on Sunday to 16:45 ET on Friday*
	Best dealing hours 8.00 am – 4.00 pm (Moscow time) *Market liquidity USD 500 MLN – 1 bln spot (daily)	Best dealing hours 8.00 am – 4.00 pm (Moscow time) *Market liquidity USD 500 MLN – 1 bln spot (daily)