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. Last Updated: 07/27/2016

MICEX Trade Halted




MOSCOW -- The Moscow Interbank Currency Exchange on Wednesday indefinitely suspended trade in stocks and futures, in line with an order by a markets watchdog, after the discovery it illegally had directors who were also Central Bank officials.


"As of today we have stopped [share and futures] trade in compliance with the order by the Federal Securities Commission," MICEX spokesman Vadim Yegorev said.


The securities commission Tuesday ordered the suspension. Under Russian law, exchanges are not allowed to have in their administrations people who are state or Central Bank employees.