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NYSE and Nasdaq suspend trading in shares of Russian-based companies

NYSE and Nasdaq suspend trading in shares of Russian-based companies

 


NEW YORK, Feb 28 (Reuters) – Nasdaq Inc (NDAQ.O) and Intercontinental Exchange Inc (ICE.N) NYSE have temporarily halted trading in shares of Russian-based companies listed on their exchanges, their websites said.

The halts were due to regulatory concerns as exchanges sought more information following economic sanctions imposed on Russia over its invasion of Ukraine, people familiar with the matter said.

Nasdaq-listed stocks discontinued are: Nexters Inc, HeadHunter Group PLC (HHR.O), Ozon Holdings PLC (OZON.O), Qiwi PLC (QIWI.O) and Yandex (YNDX.O).

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Nasdaq material information disclosure trading halts are instituted to ensure that “material information is fairly and appropriately disseminated to the investing public and the market, and to provide investors with an opportunity to evaluate information when making investment decisions,” according to the exchange’s rulebook.

NYSE-listed stocks stopped were Cian PLC (CIAN.N), Mechel PAO and Mobile TeleSystems PAO.

ICE, owner of the NYSE, also said it would not add any new debt issuance from sanctioned Russian entities to its bond indices, and existing affected debt would be removed on March 31.

Separately, OTC Markets Group (OTCM.PK), which provides price information for more than 12,000 OTC securities, said it was seeking regulatory information regarding the Russian sanctions and their impact on the market. trade in Russian American certificates of deposit.

“OTC Markets Group is monitoring and working with federal regulators and will act on their advice and guidance as information becomes available,” the New York-based company said in an emailed statement.

The Depository Trust and Clearing Corporation, an industry-owned organization that handles nearly all US securities transactions, also said it was assessing the potential impact of Russian sanctions on the financial system and volatility.

“We are closely monitoring the situation in Ukraine and are committed to protecting market stability and providing certainty for our customers and the wider industry,” a spokesperson for the group said.

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Reporting by John McCrank Editing by Chizu Nomiyama, Will Dunham, Tomasz Janowski and Leslie Adler

Our standards: The Thomson Reuters Trust Principles.

Sources

1/ https://Google.com/

2/ https://www.reuters.com/business/nyse-nasdaq-halt-trading-stocks-russia-based-companies-2022-02-28/

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