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Moscow Exchange resumes stock market trading after server error

Published 02/13/2024, 06:32 AM
Updated 02/13/2024, 07:41 AM
© Reuters. FILE PHOTO: The letters MOEX are pictured at the Moscow Exchange, with the Kremlin and the Four Seasons Hotel seen in the background, in Moscow, Russia, May 26, 2017. Picture taken 26, 2017. REUTERS/Segrei Karpukhin/File Photo
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MOSCOW (Reuters) -Moscow Exchange, Russia's largest bourse, suspended trading on the stock market for almost two hours on Tuesday, due to what it described as a hardware error on its main server.

Trading was halted at 1:58 p.m. Moscow time (1058 GMT) and was set to resume at 1245 GMT, the exchange said.

© Reuters. FILE PHOTO: The letters MOEX are pictured at the Moscow Exchange, with the Kremlin and the Four Seasons Hotel seen in the background, in Moscow, Russia, May 26, 2017. Picture taken 26, 2017. REUTERS/Segrei Karpukhin/File Photo

"According to the exchange's procedures, in case of such an error occurring, a switch to the backup server is carried out, which takes a little over an hour," the exchange said in a statement, apologising for any inconvenience caused.

Trading on Moscow Exchange's currency, derivatives and precious metals markets was unaffected, it said.

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