Feeds

ASX down, blames glitch

Traders curse screens, mark time

  • alert
  • submit to reddit

3 Big data security analytics techniques

Unexplained “technical difficulties” have frozen the Australian Securities Exchange (ASX) since shortly after 10am this morning, 27 October.

As a result, the exchange has placed a halt on all trading, termed “enquiry mode”. There is no word from the exchange on what has caused the problem or when trading will be resumed. The resumption process will be slow, since once its systems are back online, the exchange will also have to follow a process for trading to start again, so that traders can sort out their orders.

The exchange has also stated that the 6,700 trades made before the exchange shut down will need to be reviewed.

In August this year, the ASX began moving its long-held data centre premises in the CBD, spending $32 million relocating to a new facility in Gore Hill, in a building formerly home to the Australian Broadcasting Corporation. One reason given for the move was a need to expand its colocation facilities for traders’ servers, to facilitate the growth in “high frequency trading”.

However, the organisation says the crash is unrelated to the move, since it is not yet trading at Gore Hill, and says it is working with Nasdaq OMX, its software supplier, to work out what has taken place.

At the time of writing, the ASX had yet to announce any improvement in system status. Some Twitter chat suggests that today is option expiry day, making the timing of the collapse a serious crisis. ®

Combat fraud and increase customer satisfaction

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Ex–Apple CEO John Sculley: Ousting Steve Jobs 'was a mistake'
Twenty-nine years later, post-Pepsi exec has flat-forehead moment
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.