Four Minutes
The AMF enforcement committee said Morgan Stanley’s actions disrupted the MTS France electronic trading platform, suspending contributions from primary dealers during four minutes and reducing liquidity significantly for 50 minutes. Several complaints were lodged by market participants to France’s debt office, according to the AMF.

A spokesman at Agence France Tresor said the debt agency is examining “possible consequences” after the AMF’s decision.

The Belgian Debt Agency said it is not considering any action against Morgan Stanley for something that was primarily related to France. It added that it’s not aware of any enforcement action from Belgium’s markets watchdog.

--With assistance from Michael Hunter.

This article was provided by Bloomberg News.

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