The Moscow Stock Exchange announced that transactions in the derivatives market were suspended as of 9:30 Moscow time. Related information seen on the exchange website.
“Due to the abnormal operation of the trading and clearing system of the derivatives market in the morning trading session, it was decided to stop trading as of 9:30” – explained They conveyed their decision to RBC Investments in the press service of the trading platform.
The system is currently being diagnosed, the press service said. The exchange will also inform you about the resumption of trading.
The derivatives market is the Moscow Exchange market where derivatives are bought and sold: futures and options. In futures transactions, it is assumed that the buyer is obliged to purchase the underlying asset on the date the contract is signed, and the seller is obliged to deliver it in the agreed amount. Options imply that at the time the contract comes into force, the buyer has the right to choose: to buy the underlying asset or to reject the transaction. In this case, the option seller is always obliged to deliver the underlying asset if the buyer accepts the transaction.
A total of 27 stock options, 95 futures contracts and related options are traded in the derivatives market of the stock exchange. The underlying assets for these are stock indices, currency pairs, precious and industrial metals, stocks, oil, gas and other commodities, as well as interest rates.
Previously Moscow Stock Exchange suspended Trading in the foreign exchange market and precious metals market.