Moscow Exchange suffers almost two-hour outage due to technical problems

MOSCOW – Trading on Russia’s stock exchange was suspended for almost two hours on Tuesday due to technical problems.

The Moscow Exchange, which is the centre of Russian financial trading, said it encountered a “technical failure” in its data centre at around 3 p.m. local time.

Stocks and bonds trading resumed at around 4.50 p.m., with derivatives and foreign exchange following shortly afterward with extended trading sessions partially compensating for the lost time.

The exchange had said backup systems would be used to resume trading.

The exchange’s main MICEX index was trading up by almost two per cent on the day.