Moscow Exchange (MOEX) has today announced that some orders which were entered by traders on the venue’s Derivatives Market had been rejected with an error code.
The difficulties in entering orders were specific to the exchange’s recently adopted FIX protocol, whereas other protocols which are used to access the Derivatives Market’s trading system have been functioning as usual.
MOEX has confirmed that the anomalies have now been resolved and that the FIX Protocol has been functioning correctly since 11.37 today.
Whilst a reason for the technical glitch was not proffered, MOEX is clearly very adept at ensuring institutional traders are well informed as to these matters, in keeping with the venue’s continuing direction of gaining prominence among exchanges worldwide as the demand from Russian participants and for ruble liquidity has increased exponentially during the last year.