The failure of the Moscow Exchange server on February 13 was a rare technical error. This was stated in the press service of the exchange, the agency RIA News.
However, representatives of the Moscow Stock Exchange noted that not a single software manufacturer can give a 100% guarantee that this will not happen again.
Over the past two days, the Moscow Stock Exchange has twice suspended trading on the exchange due to malfunctions in the functioning of IT systems.
Before this, the Moscow Stock Exchange had announced that trading on the exchange was temporarily suspended due to a server “hardware error” that occurred at 13:58 Moscow time on Tuesday. Trading resumed at 15:45 Moscow time.
The last incident occurred on February 14 and was resolved within an hour.
Deputy Governor of the Central Bank of Russia Vladimir Chistyukhin expressed hope that there will be no repeated failures and underlined control over the cybersecurity of the Moscow Stock Exchange. Chistyukhin noted the importance of replacement and regular testing of systems to ensure continuous operation.
At the end of December, the Moscow Stock Exchange supplied Action scenario in case dollar trading stops.
Previously Moscow Stock Exchange index updated Annual maximum since February 2022.
What are you thinking?
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.