Australian regulator investigates stock market outage
Australia’s corporate regulator is doing an investigation at the country’s stock exchange on an outage that happened last week. The outage disrupted trading systems and almost eliminated an entire session, according to bourse operator ASX Ltd on Monday.
The software problem stopped trade just 20 minutes into the session. The issue raised worries about the infrastructure of Australia’s main stock exchange.
Trading reopened the next day, but operational issues remained. This prompted the Australian Securities and Investments Commission to look into whether the ASX complies with its licence obligations.
The Reserve Bank of Australia also expressed concern about the outage and said that it was investigating whether there were underlying issues in the trading systems.