Published On: Mon, Feb 28th, 2011

ASX Halts Trading Due to Technical Glitch

London isn’t alone in its technical woes as the Australian Securities Exchange (ASX) halted trading around 2:48 pm today in its equities session after one of its servers was not confirming executions for more than 10 minutes.

The ASX breaks trading down on its servers along alphabetical listings called segments with what appeared to be segment 3 being affected.

Trading continued as normal in the other segments during the problem but it was felt that it was necessary to bring the other servers down to fix it. After consultation with Participants and ASIC trading did not resume.

It is understood that the Exchange removed some trading throttles over the weekend and could be the source of the technical problem.

No notice was listed at both the ASX or ASIC website. No one was available for comment at the ASX.

October 27 of last year the ASX 24 futures trading platform crashed from another technical glitch and was down for 90 minutes.

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  1. Jacko says:

    This is not a good omen for the SGX deal. Also the real concern here is trading was ramped due to the increase in trade flow. Who is really ensuring safety in markets these days?

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