Shares on hold as SEATS falls over

 
Trading in Australian shares and derivatives will resume at around 1:30pm today after a failure of the Australian Stock Exchange's SEATS computer trading system brought markets to a halt just after 10am.

ASX spokesperson Gervase Greene said he had yet to be informed of the problem's cause. Greene the market crashed half way through its alphabetical rollout at 10:06 this morning.

He said some trades were completed before the system went down.

The market will be notified as SEATS is restored. The system will first be placed in enquiry mode, allowing trades to be adjusted before they are processed.


 
 
 
 
 
Top Stories
The New Zealand telco problem
Opinion: Could Telstra save Kiwi telcos?
 
IT price probe to 'name and shame' gougers
Industry ducking the issue, committee claims.
 
Revealed: 2012 e-government award winners
Government highlights projects, professionals of the year.
 
Sign up to receive iTnews email bulletins
   FOLLOW US...

Latest VideosSee all videos »

Latest Comments
Polls
Should the Government enact new legislation to protect copyright holders in the digital age?

   |   View results
Yes
  19%
 
No
  81%
TOTAL VOTES: 469

Vote