Critical.
Authoritative.
Strategic.
Subscribe to CIO Magazine »

ASX identifies software glitch

Duplication of internal series identification numbers, Australian Stock Exchange says

An ICT systems error which halted trading on the Australian Stock Exchange (ASX) on Monday afternoon has been traced back to a software problem.

After investigation by technical staff, it was found the exchange’s computer system was not sending trading confirmation messages to some companies listed on the ASX.

“The issue created a duplication of internal series identification numbers which impacted a component of the trade system,” an ASX spokesperson said in a statement.

“All impacted trade executions remain valid and all post trade processes were completed as per normal.”

The messaging problem affected one fifth of the market. For operational purposes, the ASX market is split into five segments.

ASX staff planned to look at a permanent resolution to the software issue. Trading was expected to resume today at 10am (AEDT).

ASX Trade uses Nasdaq OMX Group's Genium INET platform which was implemented in November 2010 to improve latency and boost the number of orders processed. It replaced an older Integrated Trading System (ITS) that had been used by the ASX since October 2006.

The spokesman said this was the first time the trading system had gone down.

"What happened yesterday with the halt to the market was a very rare event. We don't know yet if the software will be replaced, that's to be determined," he said.

Follow Hamish Barwick on Twitter: @HamishBarwick

Follow Computerworld Australia on Twitter: @ComputerworldAU

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

More about: Australian Stock Exchange
References show all

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
Users posting comments agree to the CIO comments policy.
Login or register to link comments to your user profile, or you may also post a comment without being logged in.
Related Coverage
Related Whitepapers
Latest Stories
Community Comments
Tags: ASX, glitch, Nasdaq OMX Group
Latest Blog Posts
Whitepapers
  • Gartner MarketScope for Application Life Cycle Management
    Organisations adopting agile practices, utilising global and distributed teams, or exploiting complex processes and technologies are most likely to benefit from using ALM tools to plan, manage and report on their development activities. This MarketScope assesses the market offerings and their providers.
    Learn more »
  • Backup and Recovery as we Know it is Changing
    Increasing complexity in the data centre, including the rapid deployment of virtual servers, ever-expanding compliance requirements, and increasing amounts of sensitive data on mobile devices has put more strain on backup and recovery. Read on.
    Learn more »
  • Enterprise Buyers Guide for Application Development Software
    New software delivery models, leaner and faster development methodologies, emerging mobile apps and the impact of open source are all key trends changing the way software will be procured in the future. To help organisations understand this changing landscape and to provide a framework for procurement Computerworld has created an enterprise buyers guide which includes the top technology trends in applications, programming, architectures and methodologies. It profiles the software vendors to watch, addresses the security concerns caused by Web 2.0 and examines the impact of Open Source Software (OSS).
    Learn more »
All whitepapers
rhs_login_lockGet exclusive access to Invitation only events CIO, reports & analysis.
Recent comments