Nyse, Nasdaq Halt Trading In Stocks Of Russia: based companies (updated)
28/02/2022 18:34
(Adds details on halted securities, comments from OTC Markets
and DTCC)
By John McCrank
NEW YORK, Feb 28 (Reuters) - Nasdaq Inc NDAQ.O and
Intercontinental Exchange Inc's ICE.N NYSE have temporarily
halted the trading in stocks of Russia-based companies listed on
their exchanges, their websites showed.
The halts were due to regulatory concerns as the exchanges
seek more information following economic sanctions against
Russia following its invasion of Ukraine, said people familiar
with the matter.
The Nasdaq-listed stocks halted were Nexters Inc GDEV.O ,
HeadHunter Group PLC HHR.O , Ozon Holdings PLC OZON.O , Qiwi
PLC QIWI.O , and Yandex YNDX.O . The NYSE-listed stocks halted
were Cian PLC CIAN.N , Mechel PAO MTL.N and Mobile
TeleSystems PAO MBT.N .
Separately, OTC Markets Group OTCM.PK , which provides
price information for almost 10,000 over-the-counter securities,
said it was seeking regulatory information regarding the
sanctions on Russia and their impact on the trading of Russian
American depository receipts.
"OTC Markets Group is monitoring and working with Federal
regulators and will act in accordance with their guidance and
directives 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 processes nearly all U.S.
securities transactions, also said it was assessing the
potential impact of the Russia sanctions on the financial system
and volatility.
"We are closely watching the situation in Ukraine and are
committed to protecting market stability and providing certainty
to our clients and the broader industry," a spokesperson for the
group said.
(Reporting by John McCrank
Editing by Chizu Nomiyama and Tomasz Janowski)
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