Both the New York Stock Exchange (NYSE) and the Nasdaq have temporarily halted trading of Russian-related securities this week. The trading interruption is in response to sanctions of the U.S. and other nations on Russia as a result of the war in Ukraine.
Trading halts may occur due to major news, for technical reasons, or for regulatory developments. The exchanges have decided to pause trading as they seek more information about the ongoing sanctions, according to reports.
What this means for you:
You may encounter reduced ability to trade Russian-related stocks and ETFs on the Stash platform.
Three Russian-related stocks on the Stash platform that have been halted for trading on the NYSE and Nasdaq are:
- YNDX
- CIAN
- OZON
Additionally Stash will restrict buying on two Russian-related OTC stocks:
- OGZPY
- LUKOY
At this time, Stash will not allow customers to place buy orders in these securities. Customers may still place sell orders, which we will complete at the next eligible window, following the resumption of trading of the securities by the exchanges. At this time, it is unclear when trading will resume, and it may not be any time soon.
Note: Although other Russian-related securities, including ETFs that track the Russian equity market, may still be actively trading, due to the potential risk to investors, Stash encourages you to remain cautious when evaluating these investments.
As always, we urge Stash customers to follow the Stash Way, which includes regular investing, portfolio diversification including investment in various geographic locations, and investing for the long term.
The post Why Key Exchanges are Halting Trading of Russian Securities appeared first on Stash Learn.
https://www.stash.com/learn/why-key-exchanges-are-halting-trading-of-russian-securities/
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