Monday’s opening was delayed by more than hour by the failure in the ASX Trade database, with a series of knock-on consequences affecting trading throughout the day until decision was made to shut up shop an hour and a half early. As of 11.38am, the ASX’s website says the exchange is “currently trading”.
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BHP Billiton (ASX:BHP) says it has cut CEO Andrew Mackenzie’s salary in half following the Samarco disaster in Brazil previous year, that killed 19 people. “ASX is continuing to work with its technology vendor to prevent a recurrence”.
Monday, September 19, was a day of embarrassment for the ASX. “It’s frustrating because they said they’d fixed it”.
“ASX is now focused on ensuring that the market re-opens on schedule tomorrow morning”.
Chi-X Australia Pty, which operates a competing stock-trading system, had to delay its usual open due to the ASX glitch, said Chief Executive Officer John Fildes.
The S&P/ASX 200 index closed up 0.7 per cent, or 36.03 points, at 5,339.6, with financials leading the way. At 15:44, the exchange advised it would not re-open for trading on Monday.
“It’s a bit of a black mark for the reputation”, James Woods, an analyst at Rivkin Securities in Sydney, said by phone.
“Our best guess – and it is frankly little more than that – is that the BOJ will elect to take measures that underpin the recent steepening of the yield curve”, Attrill said, adding it could be achieved by a combination of adjusting its bond buying program and taking the policy rate deeper into negative territory.
Stevens was appointed last month after a four-month search to replace Elmer Funke Kupper, who stepped down in March as police investigated activities in Cambodia of Tabcorp Holdings Ltd., the Australian betting company that he formerly led.
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Whitehaven Coal was one of the top performers, rising as much as 5.2 percent to touch a more than three-year high, on the back of a rise in thermal coal price forecasts. “We apologise for the disruption”, Stevens said. On 14 July, the Singapore Stock Exchange halted trading after the discovery of a flaw in which duplicate trade confirmations were generated. The S&P/ASX 200 index futures are down 9 points, or 0.2 per cent after a quiet trading session on Wall Street and in Europe as investors remained on stand-by for potential game-changing monetary decisions.
