ASX futures market suffers outage on pivotal day

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 90%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The exchange operator investigated a “technical issue” for the market that facilitates trades in popular Australian government debt derivatives.

Australia’s futures exchange suffered an outage on Thursday that left investors shut-out from derivatives markets on one of the biggest days for economic news this year, adding fresh pressure on the ASX after a similar failure less than two years ago.

The exchange stopped trading shortly before 10am in Sydney and pointed to unspecified technical factors, leaving traders hamstrung hours after theAn outage for the ASX’s futures market comes within two years of a shutdown for its equities exchange.The outage continued through the release of Australian unemployment data at 11.

All trades executed up until 10.03am AEDT would stand, while the SPI March 2022 futures contract, which tracks the SP/ASX 200 equity index, had expired and would not be available to trade for the remainder of the day.The exchange operator said it was “working to rectify the issue as soon as possible,” in a statement shortly after lunch, and that the stoppage would not inhibit trading on its equity market.

The 2020 outage was caused by a software glitch and led to damning responses by regulators, who have asked brokers to strengthen links to ASX rival Chi-X Australia in the case of similar stoppage in trading.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Biogas company LGI Ltd pulls $120m floatBiogas and renewables company LGI Limited has postponed plans to raise capital via an initial public offering and list on the ASX, citing uncertain market conditions.
Source: FinancialReview - 🏆 2. / 90 Read more »

Petrol prices won’t crash the housing market - it’s renters who will suffer mostThe sharp increases in cost of living brought about by petrol price rises will hurt the bottom end of the housing market: those in private rentals and homeowners in outer suburbs. |OPINION by Emma Dawson, executive director at Per Capita The Morrison Government has had ago now it’s Time for a new Government
Source: theage - 🏆 8. / 77 Read more »