Australian regulator launches probe into stock market outage

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Australia's corporate regulator is investigating an outage at the country's stock exchange last week that hit trading systems and nearly wiped out an entire session, bourse operator ASX Ltd said on Monday.

FILE PHOTO: A board displaying stock prices is adorned with the Australian Securities Exchange logo in central Sydney, Australia, February 13, 2018. REUTERS/David Gray

- Australia’s corporate regulator is investigating an outage at the country’s stock exchange last week that hit trading systems and nearly wiped out an entire session, bourse operator ASX Ltd said on Monday. The software problem a week ago halted trade just 20 minutes into the session and raised concerns about the infrastructure of country’s main stock exchange.

Trading resumed the next day but other operational issues persisted, prompting the Australian Securities and Investments Commission to look into whether the ASX was compliant with its licence obligations. Australia’s central bank also voiced concern and said it was looking into whether there were underlying issues at those trading systems.Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Paul Simao and Sam Holmes

 

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P.S. this is another reason why crytpocurrency is superior to traditional stocks. Nobody controls the coins you except for the individual owners. Transmitted, verified, trusted. Power transfer is coming back to the hard working citizens. “Wall Street” your days are numbered

Somebody is going to the house of pain

Bitcoin never closes or has 'outages' ...just saying.

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Wonder how long until they blame cobol?

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