OREANDA-NEWS According to preliminary data, the reasons for the suspension of trading that took place on October 16 and 17 at the St. Petersburg International Commodity Exchange (SPbMTSB) were of a technical nature, representatives of the organization told Interfax.

The exchange clarified that, together with software developers and suppliers of the necessary equipment, the causes of the incident are now being established. SPbMTSB apologized to market participants for the inconvenience.

Also, the organizers of the auction explained that the suspension of the exchange's work did not affect the prices and provision of the country with fuel and other types of products, including taking into account the fact that "transactions in the commodity sections of the SPBMTSB are executed by the delivery of cash goods."

One of the two main exchanges in Russia (along with Moscow) suspended trading in commodity sections for two days in a row. Both times it happened at 11.25. On Tuesday, October 17, trading in the commodity sections in the "Bilateral counter auction" mode was resumed at noon, Vedomosti writes.