ASX reopens after glitch halts trading

 

Resolves technical issue with software vendor Nasdaq OMX.

The Australian Securities Exchange (ASX) has resumed trading after experiencing a "connectivity issue" for more than three hours this morning.

All systems were put into a state of "enquire" at about 10.05am as ASX technical staff investigated the issue with software vendor NASDAQ OMX.

A spokesman for the exchange explained that a "connectivity issue with the ASX trading system" caused some brokers to be unable to transact.

"Some of the participants were affected, but of course, ASX needs to operate a fair, orderly and transparent marketplace [so all trading had to be suspended]," the spokesman said.

At 1.30pm, the exchange advised brokers and software vendors that the issue had been resolved.

Trading resumed in stages, beginning with a practice market at 12.55pm.

Stock indices, derivatives, funds, interest rates, and various equity groups moved into pre-open at 1.40pm and opened between 2pm and 2.10pm.

The ASX has also determined all 6700 trades that took place before trading was suspended today to be valid.

All markets would close at 4pm as normal, it advised.

NASDAQ OMX has been contacted for comment

Copyright © iTnews.com.au . All rights reserved.


ASX reopens after glitch halts trading
 
 
 
Top Stories
Meet FABACUS, Westpac's first computer
GE225 operators celebrate gold anniversary.
 
NSW Govt gets ready to throw out the floppy disks
[Opinion] Dominic Perrottet says its time for government to catch up.
 
iiNet facing new copyright battle with Hollywood
Fighting to protect customer details.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
In which area is your IT shop hiring the most staff?




   |   View results
IT security and risk
  25%
 
Sourcing and strategy
  12%
 
IT infrastructure (servers, storage, networking)
  22%
 
End user computing (desktops, mobiles, apps)
  15%
 
Software development
  26%
TOTAL VOTES: 327

Vote
Would your InfoSec team be prepared to share threat data with the Australian Government?

   |   View results
Yes
  57%
 
No
  43%
TOTAL VOTES: 136

Vote