NYSE, Nasdaq halt buying and selling in stocks of Russia-dependent companies

NEW YORK, Feb 28 (Reuters) – (This February 28 story corrected to make very clear that Nexters is dependent in Cyprus in third paragraph)

Nasdaq Inc (NDAQ.O) and Intercontinental Trade Inc’s (ICE.N) NYSE have temporarily halted trading in the stocks of Russia-based organizations shown on their exchanges, their sites showed.

The halts ended up due to regulatory problems as the exchanges look for a lot more information pursuing economic sanctions imposed on Russia due to the fact of its invasion of Ukraine, individuals common with the matter mentioned.

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The Nasdaq-mentioned stocks halted are: HeadHunter Team PLC (HHR.O), Ozon Holdings PLC (OZON.O), Qiwi PLC (QIWI.O) and Yandex (YNDX.O). Nasdaq also halted Nexters Inc , which is dependent in Cyprus.

Buying and selling halts for disclosure of materials facts on Nasdaq are instituted to be certain that “materials details is pretty and sufficiently disseminated to the investing community and the market, and to offer buyers with the possibility to consider the data in creating financial investment decisions,” in accordance to the exchange’s rulebook.

The NYSE-detailed stocks halted ended up Cian PLC (CIAN.N), Mechel PAO and Cell TeleSystems PAO .

NYSE-proprietor ICE also said it would not include any new personal debt issuances from sanctioned Russian entities to its mounted money indices, and that influenced present personal debt would be eliminated on March 31.

Individually, OTC Markets Group (OTCM.PK), which supplies value facts for extra than 12,000 above-the-counter securities, reported it was trying to find regulatory information and facts regarding the sanctions on Russia and their influence on the investing of Russian American depository receipts.

“OTC Marketplaces Team is monitoring and operating with Federal regulators and will act in accordance with their steering and directives as information and facts gets to be offered,” the New York-primarily based company explained in an emailed assertion.

The Depository Trust and Clearing Corporation, an industry-owned corporation that procedures virtually all U.S. securities transactions, also explained it was evaluating the likely affect of the Russia sanctions on the economical procedure and volatility.

“We are carefully observing the situation in Ukraine and are committed to preserving marketplace security and supplying certainty to our consumers and the broader market,” a spokesperson for the group explained.

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

Our Criteria: The Thomson Reuters Belief Rules.

Candice Cearley

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