Due to the recent volatility in TRY currency pairs due to President Recep Tayyip Erdogan dismissing the country’s Central Bank Governor over the weekend, the overnight funding market of the Turkish Lira presents extremely thin liquidity which is resulting in extremely wide swaps.
Because of the uncertainty created by this event, we have taken the decision to disable the opening of new trades on USDTRY, EURTRY and GBPTRY until further notice (only allowing the closure of trades opened beforehand).
This extreme measure is to protect both our customers and ourselves.
For any questions, reach out to firstname.lastname@example.org and we’ll be happy to help.
The Darwinex Team