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Today's paper. Last Updated: 05/31/2012

Futures Trading Restart

MOSCOW () -- Moscow's troubled Board of Exchange, one of the city's two major dollar futures trading floors, will resume operations next week after payments problems led to its closure Wednesday, an exchange official said.


"I think we can calm things down and let the trading body reopen by Monday," Vyacheslav Pankin, president of the Moscow Central Stock Exchange (MCSE), told a news conference. "This market is very profitable and promising. Nobody wants to lose it."


The Board of Exchange suspended operations because it was unable to settle accounts, leaving some 21 billion rubles ($7.3 million) worth of open positions, Pankin said.




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