Trading on the ASX remains on pause and is currently in an ‘enquire state’ after a tech glitch this morning.
The ‘enquire’ state locks the market and no trading messages or orders can be entered, amended or cancelled. The ASX says it is continuing to investigate the cause and implications of this glitch.
ASX is continuing to investigate the issue causing today’s market outage. Again, we apologise for the disruption and are working to rectify as soon as possible.
— ASX 🏛 The heart of Australia’s financial markets (@ASX) November 16, 2020
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The issue appears to have occurred after the ASX carried out migration activities for its ‘ASX Trade’ system on Saturday, with go-live scheduled for this morning at 2:25 am.
The ASX explains:
“The ‘ASX Trade’ is the central system that includes order entry and amendment, trade generation and trade reporting. It also provides the functionality used by ASX Trading Operations to establish and maintain the trading environment.”
It has stated it will notify customers at least 30 minutes in advance of any session change.
The Motley Fool will continue to provide updates as the situation develops.
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Motley Fool contributor Eddy Sunarto has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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