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Russian Exchange Halts FX Trading Due To "Software Glitch"

Tyler Durden's picture





 

BATS, Nasdaq, Knight, NYSE, and now the MICEX Moscow exchange - everyone is following the tried and true principle: If complete trading halt due to unknown circumstances, then blame software glitch. At 3:58pm local time, FX trading in the Moscow market halted FX trading due to what spokesman Nikita Bekasov said, was a "software error." Unclear if this is the same kind of error that nearly wiped out Knight in a few minutes of trading. What is clear is that it is always the software's fault, never the programmer. Also, no mention of a rogue Stuxnet variant has been ever mentioned here, or anywhere else. Finally, we eagerly await the latest report of weekly equity flows due out later today: one doesn't have to confuse statistics with heuristics and have a political prediction blog to know the number will be negative as usual.

From MICEX:

 


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Wed, 11/14/2012 - 09:10 | Link to Comment HelluvaEngineer
HelluvaEngineer's picture

I'll have to take your word for it.

Wed, 11/14/2012 - 09:11 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

In Russia...the market halts you. Take my word for it.

Wed, 11/14/2012 - 09:14 | Link to Comment a growing concern
a growing concern's picture

Damn.  You beat me to it, you commie bastid.

Wed, 11/14/2012 - 09:51 | Link to Comment maxmad
maxmad's picture

RUSSIA HAS THEIR OWN CURRENCY?  THEY HAVE MARKETS?  YOU LEARN SOMETHING NEW EVERYDAY ON ZEROHEDGE

Wed, 11/14/2012 - 10:12 | Link to Comment kito
kito's picture

you will soon learn about their currency................the ruble will be a force by decades end...............russia is doing everything right, the u.s. is doing everything wrong.................

Wed, 11/14/2012 - 11:32 | Link to Comment insanelysane
insanelysane's picture

But then Goldman and JPM will notice and go "help" them.

Wed, 11/14/2012 - 12:29 | Link to Comment Matt
Matt's picture

At Knight, it wasn't the programmer's fault; the software did exactly what it was supposed to. Whoever copied the test software onto the production platform is the one who screwed up. Always the junior people left with too high of responsibilities; same as at Chernobyl. 

Wed, 11/14/2012 - 09:17 | Link to Comment edb5s
edb5s's picture

Beat me to it.

Wed, 11/14/2012 - 09:16 | Link to Comment Gully Foyle
Gully Foyle's picture

My my our hackers are working overtime these days.

(Biden 2016, Hey I inherited this mess)

Wed, 11/14/2012 - 09:34 | Link to Comment azzhatter
azzhatter's picture

The past 8 years have been a disaster- Biden 2016

Wed, 11/14/2012 - 10:18 | Link to Comment IAmNotMark
IAmNotMark's picture

LOL - The past 8 years have been a disaster - LOL - Biden 2016

There.  Fixed it for you.

Wed, 11/14/2012 - 10:17 | Link to Comment IAmNotMark
IAmNotMark's picture

(Biden 2016, Hey I inherited this mess, ROTFLMAO)

There.  Fixed it for you.

Wed, 11/14/2012 - 09:18 | Link to Comment Death and Gravity
Death and Gravity's picture

AGAIN?!

Wed, 11/14/2012 - 09:14 | Link to Comment Mae Kadoodie
Mae Kadoodie's picture

Suxnet for them.

Wed, 11/14/2012 - 09:17 | Link to Comment fonzannoon
fonzannoon's picture

What's up this morning? It's the reverse of yesterday. Kevin found his girlfriend banging the poolman. Kevin Angry!

Wed, 11/14/2012 - 09:30 | Link to Comment HelluvaEngineer
HelluvaEngineer's picture

girlfriend?

Wed, 11/14/2012 - 09:24 | Link to Comment ThirdWorldDude
ThirdWorldDude's picture

Their software must've caught fire.

Wed, 11/14/2012 - 09:27 | Link to Comment LongSoupLine
LongSoupLine's picture

 

 

"software glitch" = HFT algos have found mother russia.

Wed, 11/14/2012 - 09:29 | Link to Comment Gandalf6900
Gandalf6900's picture

woooooooooooooooops...wrong door.

Wed, 11/14/2012 - 09:28 | Link to Comment Gandalf6900
Gandalf6900's picture

Igor...Igooooooooooooooooor!!!

Wed, 11/14/2012 - 12:38 | Link to Comment Matt
Matt's picture

Throw the switch!

Wed, 11/14/2012 - 09:30 | Link to Comment plaspotje
plaspotje's picture

many large companies are dealing with the stuck-forever-net virus so the american saying "" what goes around comes around "" start to have some true meaning ,,    not to mention  atomic bombs  stealt fighters   drones ext ext 

Wed, 11/14/2012 - 09:30 | Link to Comment dvsteenk
dvsteenk's picture

a software glitch that allowed markets to go down, cannot have that

Wed, 11/14/2012 - 09:32 | Link to Comment plaspotje
plaspotje's picture

remember that poison gas i ww1 that a jewish german invented   ,, came in sure handy in ww2,,   to those moron governments   do not invent to much ,, it will come back to  hunt you

Wed, 11/14/2012 - 09:33 | Link to Comment bugs_
bugs_'s picture

Free Sergei....oh wait they did free him.

Wed, 11/14/2012 - 09:33 | Link to Comment Fix It Again Timmy
Fix It Again Timmy's picture

That damn Peggy.....

Wed, 11/14/2012 - 09:35 | Link to Comment azzhatter
azzhatter's picture

Peggy pissed off the NHL is on lockdown.

Wed, 11/14/2012 - 09:40 | Link to Comment AU5K
AU5K's picture

All is well, comrades.

Wed, 11/14/2012 - 10:04 | Link to Comment Sweet Chicken
Sweet Chicken's picture

I love the word comrade for some reason. :/

Wed, 11/14/2012 - 09:41 | Link to Comment Quinvarius
Quinvarius's picture

And suddenly your paper is useless to you.  That is how fast it can happen. 

Wed, 11/14/2012 - 09:48 | Link to Comment kito
kito's picture

say what you want about russia, but they are just about the only country to act with some monetary sanity lately.................they actually had the audacity to raise interest rates......gasp.....buy rubles to diversify......the physical ones.........................when the american empire folds this decade, you can be sure the yuan and the ruble will play a prominent role in the worlds next currency reserve system...................

Wed, 11/14/2012 - 10:20 | Link to Comment tha1
tha1's picture

Go back to your friends at seeking alpha...

Wed, 11/14/2012 - 10:42 | Link to Comment wizard-2
wizard-2's picture

If the american empire folds - russia would fail. The only reason why Russia is not Zimbvabve now is exaggerated demand for oil encouraged by Fed's "print-print-print". Printing stops / dollar loses its reserve role - rouble crubles. Or it least it looks this way from Moscow.

Wed, 11/14/2012 - 11:18 | Link to Comment kito
kito's picture

yeah, go check russias external debt.....check their social "entititlement" burden.....check their vast resources including timber, oil, gas, agriculture......etc..............

Wed, 11/14/2012 - 12:41 | Link to Comment Matt
Matt's picture

So, let me get this straight, you are proposing that central banks printing money, causing oil and gas to be more expensive, is driving increased demand for oil and gas?

You seriously think that if oil and gas were less expensive, people would be using it less?

Wed, 11/14/2012 - 09:55 | Link to Comment UGrev
UGrev's picture

It was made by Hammer industries:
http://www.youtube.com/watch?v=TF-yKm0c1tQ

Wed, 11/14/2012 - 10:27 | Link to Comment kralizec
kralizec's picture

Yeb vas!

Wed, 11/14/2012 - 10:29 | Link to Comment orangegeek
orangegeek's picture

Another communist country trying to use capitalism to back their shitty society.

 

Nyet.

Wed, 11/14/2012 - 10:59 | Link to Comment Captain Benny
Captain Benny's picture

In Mother Russia, software glitches you!

Wed, 11/14/2012 - 11:30 | Link to Comment Debugas
Debugas's picture

i have read one comment (an article) of one of the traders about russian stock exchange market in general

i can sum it up as follows - The Trend is Shitty (in the sense that many investors are stuck there forever)

Wed, 11/14/2012 - 11:31 | Link to Comment Bawneee Fwank
Bawneee Fwank's picture

The glitch occurred on the news that Vlad sent an invite to that more of a commie fucktard Obama.

http://www.weeklystandard.com/blogs/putin-obama-plans-visit-russia_66328...

http://www.youtube.com/watch?v=XsFR8DbSRQE

Wed, 11/14/2012 - 11:59 | Link to Comment Svendblaaskaeg
Svendblaaskaeg's picture

Did anybody see a black cat? - again?

Wed, 11/14/2012 - 12:10 | Link to Comment AgShaman
AgShaman's picture

Let the "fat fingers" commence

Wed, 11/14/2012 - 12:31 | Link to Comment CEE
CEE's picture

So Tyler, tell us finally how comes that you can read cyrilcs?

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