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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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Tue, 09/08/2015 - 08:21 | 6521854 buzzsaw99
buzzsaw99's picture

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

Tue, 09/08/2015 - 08:25 | 6521865 Latina Lover
Latina Lover's picture

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

 

Tue, 09/08/2015 - 08:27 | 6521874 buzzsaw99
buzzsaw99's picture

stuxnet?

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

Tue, 09/08/2015 - 08:29 | 6521889 StackShinyStuff
StackShinyStuff's picture

Stop pissing, Yuri!

Tue, 09/08/2015 - 08:34 | 6521905 Stainless Steel Rat
Stainless Steel Rat's picture

Stux to be them...

Tue, 09/08/2015 - 08:42 | 6521929 Money Counterfeiter
Money Counterfeiter's picture

NSA showing off their skills.

Tue, 09/08/2015 - 08:51 | 6521962 pods
pods's picture

Kaspersky picked up another Langley bug.

pods

Tue, 09/08/2015 - 08:28 | 6521887 Bangin7GramRocks
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.

Tue, 09/08/2015 - 08:41 | 6521928 SolarSystem1932
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...

 

 

 

Tue, 09/08/2015 - 09:16 | 6522071 Oldballplayer
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.

Tue, 09/08/2015 - 09:05 | 6522018 Mr.Sono
Mr.Sono's picture

They should of used rule 69. Amateurs

Tue, 09/08/2015 - 08:22 | 6521858 junction
junction's picture

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

Tue, 09/08/2015 - 08:25 | 6521869 silverer
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.

Tue, 09/08/2015 - 08:23 | 6521860 Quintus
Quintus's picture

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

Tue, 09/08/2015 - 08:23 | 6521862 saints51
saints51's picture

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

Tue, 09/08/2015 - 08:23 | 6521863 silverer
silverer's picture

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

Tue, 09/08/2015 - 08:25 | 6521870 TeamDepends
TeamDepends's picture

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

Tue, 09/08/2015 - 08:25 | 6521872 youngman
youngman's picture

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

Tue, 09/08/2015 - 10:11 | 6522301 RaceToTheBottom
RaceToTheBottom's picture

Liquid Bug

Tue, 09/08/2015 - 08:31 | 6521893 no1wonder
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

Tue, 09/08/2015 - 08:33 | 6521901 ebworthen
ebworthen's picture

Dumbest thing ever to put markets and our lives online.

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

Tue, 09/08/2015 - 09:00 | 6521978 gcjohns1971
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.

Tue, 09/08/2015 - 09:09 | 6522034 me or you
me or you's picture

.

Tue, 09/08/2015 - 09:43 | 6522195 large_wooden_badger
large_wooden_badger's picture

What, no black smoke?

Tue, 09/08/2015 - 09:44 | 6522200 Ouagadoudou
Ouagadoudou's picture

ETF glitch on jp225 also today, Big one

Tue, 09/08/2015 - 09:51 | 6522231 sopko16
sopko16's picture

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

Tue, 09/08/2015 - 10:06 | 6522272 mog
mog's picture

Glitch?

Hacked!

Tue, 09/08/2015 - 10:13 | 6522307 RaceToTheBottom
RaceToTheBottom's picture

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

Tue, 09/08/2015 - 11:16 | 6522523 Nana
Nana's picture

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

Tue, 09/08/2015 - 19:27 | 6524441 The Greek horse
The Greek horse's picture

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

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