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ASX tech meltdown shuts markets on eight-month high – NEWS.com.au
ASX tech meltdown shuts markets on eight-month high
A technology meltdown has resulted in massive disruptions for the Australian stock market, with a more than six-hour outage causing major headaches for investors. At 10.24am on Monday, the Australian Stock Exchange (ASX) initiated a market-wide trading halt following an IT malfunction that prevented billions of dollars of turnover.
The ASX and its technology provider Nasdaq confirmed a software issue relating to the implementation of a new equity trading system caused the meltdown and inaccurate…
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