Moscow Stock Exchange Breaks, All Trading Halted For "Glitch"

Tyler Durden's picture

Update: *MOSCOW EXCHANGE PREPARING TO RESUME TRADING W/BACKUP EQUIPMENT

It appears the 'virus' of broken markets has spread...

  • *MOSCOW EXCHANGE SAYS TRADING HALTED IN ALL MKTS
  • *MOSCOW EXCHANGE SAYS CHECKING ON REASONS FOR GLITCH

Yet another 'glitch' strikes yet another crucial convergence point of technology and business. Wil The Russians blame the Chinese? Or The Americans?

As Bloomberg reports,

Bourse working on determining reason for trading halt, Moscow Exchange spokeswoman says by phone.

*  *  *

The main indices were trading higher on Tuesday. The dollar-denominated RTS index was up 2.37 percent, while the ruble-traded MICEX gained 1.50 percent, as of 8amET - when the technical problem hit.

The stock market did not appear to be under any duress one way or another but we note that the Ruble has been rallying all morning (post-China) as oil prices jumped...

 

Charts: Bloomberg

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buzzsaw99's picture

Yo, people, we got a bug in the electrical system! [/Ageny J]

Latina Lover's picture

Another foreign policy chaos creation courtesy of the USSA deep state.

 

buzzsaw99's picture

stuxnet?

No, no, no, no, sit down, it's only a 600 foot worm. [/Agent J]

Bangin7GramRocks's picture

Tell them to flip the switch on the back of the Tandy TRS-80 and let it sit for a few minutes. Should come back up and be right as the rain.
It always worked for me in the mid 80's.

SolarSystem1932's picture

And move the dox matrix printer away from the expansion interface...too much electromagnetic noise.

And NEVER put a floppy disk on top of the printer...magnetic flux and all that.

Nope, I never needed more than 48K bytes of memory...

 

 

 

Oldballplayer's picture

I once left my large (walkie talkie motorola) cell phone on top of some budget disks (5 inch ones).

That did not work out well.

Mr.Sono's picture

They should of used rule 69. Amateurs

junction's picture

Only algos will get angry when the the rigged markets break down.

silverer's picture

I think it's electronic warfare.   Each side is planting crappy trojan algo programs to disrupt the markets.  Another reason to stay off the battlefield.

Quintus's picture

Let me guess....the market was smashing higher when this unfortunate glitch occurred?  What?  No? 

saints51's picture

Russia just stole a play from the playbook of Mr. FED himself.

silverer's picture

"Will The Russians blame the Chinese? Or The Americans?"  I say blame Gartman.

TeamDepends's picture

Enjoy your last week of "normalcy" serfs, all downhill from here.

youngman's picture

A bottle of Vodka fell on the computer..that is all...

no1wonder's picture

Bulgaria Denies Airspace to Russian Aid Flights to Syria

http://sputniknews.com/europe/20150908/1026732699.html

Athens Says Russia No Longer Needs Greek Airspace for Aid Flights to Syria

http://sputniknews.com/russia/20150908/1026728926.html

ebworthen's picture

Dumbest thing ever to put markets and our lives online.

I wouldn't buy stocks just for that reason alone.

gcjohns1971's picture

The Russians will blame the US.

The US will blame the Russians.

Because wearing a team Jersey and chanting your favorite Nation's name is much easier than thinking.

 

A better question would be...

 

If both China and Russia are selling US $ in the form of Treasuries, then who could buy them?  And what real effect would that have on the Russian and Chinese markets respectively???

What do they take in exchange, and how liquid is it? How far will it be bid up by this temporary event?  

And who, having something more acceptable in exchange, prefers to have these assets that are being sold?

The market dynamics is in understanding that for every seller there is a buyer and vice versa.

Ouagadoudou's picture

ETF glitch on jp225 also today, Big one

sopko16's picture

With each individual sending trillions of messages a minute, are any of these failures really a surprise at this point?

mog's picture

Glitch?

Hacked!

RaceToTheBottom's picture

Forget about the stockmarkets, keep the virus protection up on those Pipeline PCs running XT.

Nana's picture

Pay back BICHES   m  keyboard s fooked.Called Iy Lasy week......  

The Greek horse's picture

Putin will summit Edward Snowden into his office to find out where it came from??