Moscow Exchange Released Statement Regarding Trading Disruption
OREANDA-NEWS. November 15, 2012. On November 14, 2012, a programming error was discovered in the trading system of the Moscow Exchange FX Market. Trading was not affected on the Derivative and Equity Markets.
At 15:58, the Moscow Exchange identified the error and suspended trading on the FX Market to conduct repairs. The market was closed for two hours and 32 minutes, until 18:30.
At 18:30, the FX Market trading system reopened to market participants for withdrawal of orders. Trading resumed at 18:40. All outstanding orders have been concluded.
Market volatility was insignificant during the time it took to identify the error and restart the trading system, remaining within 0.032%.
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