Colombian Exchange Resumes Bond Trading After 2 1/2-Hour HaltAndrea Jaramillo
The Colombian stock exchange resumed trading on its fixed-income platform after a 2 1/2-hour halt caused by a technical failure.
Trading in the MEC Plus system was halted from 8:30 a.m. to 11:00 a.m. in Bogota, Bolsa de Valores de Colombia said in an e-mailed statement.
“This caused a lot of concern because there was no way to react to movements in the external market or any local news,” Agustin Vera, a strategist at Global Securities brokerage in Bogota, said by phone. “It has been years since this happened.”
Yields on benchmark peso debt due 2024 rose three basis points, or 0.03 percentage point, to 7.13 percent at 11:17 a.m. local time, according to data from the central bank. Only banks and brokerages that are part of the government’s market maker program can trade on the central bank’s platform.