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Closing only: Market unavailable to open for USD/BRL pair

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Any one knows why this is happening to this specific pair and if it is coming back soon ? 

Closing only: Market unavailable to open for USD/BRL pair

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USDBRL trades as a non-deliverable forward (NDF), as Brazilian currency rules mean we're unable to take delivery of BRL. The running profit/loss (PNL) is converted back into USD (more info here if interested https://www.investopedia.com/terms/n/ndf.asp).

US clients are restricted from trading NDFs as the PNL being in the first name currency (this applies to all our EMFX pairs) creates transaction reporting issues that we, so far, have been unable to resolve.

We are attempting to find a work around, but no realistic timeline as of this morning. (Non- US clients can trade as normal).

Thanks,

Ludwik

 

 

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