Russian Stock Market Has Suspended Trading
Source: Micex Group RTS Group (Russian Stock Exchange)
The technical suspension of trading to be extended
The situation has been recognized as an emergency. Further actions will be announced shortly.
Read more: http://rts.micex.ru/n610/?nt=201
grasswire
(50,130 posts)Warpy
(111,359 posts)"The exchange, which calculates both Russia's benchmark indexes RTS and MICEX, said in a statement on its website that the trading was suspended due to "a problem in displaying orders and deals in the main stock market section."
http://www.reuters.com/article/2012/04/23/russia-stocks-suspension-idUSL5E8FNADK20120423
TalkingDog
(9,001 posts)n/t
jimlup
(7,968 posts)???
cstanleytech
(26,320 posts)If it is true then it just sounds like they are having major technical issues not financial ones though if it lasts more than a day or two it could morph into something major I assume.
grasswire
(50,130 posts).....to believe Japanese about their nuclear troubles.
Less likely, probably. Those old Soviet ways of secrecy die hard.
cstanleytech
(26,320 posts)Last edited Tue Apr 24, 2012, 02:05 AM - Edit history (1)
Take blackberry for example, they have had some massive outages over the last few years.
LanternWaste
(37,748 posts)If Russian technical mishaps seem too unbelievable to you, what then do you believe is really happening, ?
Ian David
(69,059 posts)whatchamacallit
(15,558 posts)freshwest
(53,661 posts)TalkingDog
(9,001 posts)To generate the representative closing price and protect investors' rights the following schedule of trading was established:
9.50pm - 10.10pm trading period in the Main trading mode of the Main trading session;
9.50pm - 10.10pm execution of trades in the Negotiated trades mode and repo trades.
10.20pm close of the main trading session.
The Exchange applied to the Bank of Russia for extension of operating time of the multivoyage payment processing system in order to minimize implications of the emergency situation.
Decisions taken by the Directorate of the Exchange and competent actions of Exchange's specialists allowed trading members to close their operations including cancel orders, perform clearing and fulfill obligations under executed trades even under the outage circumstances.
MICEX-RTS realizes the consequences that the outage could bring to the market and apologizes to trading members. The Exchange firmly intends to detect and examine causes of the disruption.
Earth_First
(14,910 posts)The cynic says there's always something more than face value occuring during the last twenty years...