Moscow Exchange Bond & Equity Markets Halt Trading for Almost Two Hours

According to an announcement issued by the Moscow Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, trading on its Equity and Bond markets was halted today for a short period of time. The malfunction occurred at 15:56 Moscow time as a software problem affected the systems at Moscow Exchange's Equity and Bond Markets.

The Moscow Exchange detailed that a certain fund transfer transaction resulted in a discrepancy in the state of several components of the trading system, affecting the central core and perimeter access gateways. The system was halted after the problem had been identified as continued operation of the trading and Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term systems became impossible.

The system was restored to normal operation at 17:35 local time and trading resumed at 17:50. As a result, the trading session on the Moscow Exchange has been extended until 19:30 Moscow time with an interim clearing session being rescheduled to 18:05 from 16:00. The FX and Derivatives markets on the exchange have remained unaffected by the issues.

Local indices have not been affected much, as the main Moscow benchmark, MICEX, traded up by almost 1% in today's trading session.