ASIC Reports on September ASX Equity Market Outage

[kreslik.news]

ASIC today released a report on the findings of its review of the ASX outagethat affected the operation of the Australian equity market on 19 September 2016, providing an overall market perspective, including observations on how ASX and other important stakeholders responded on the day.

The outage highlighted the fact that despite considerable market developments in Australia in recent years, ASX’s trading system remains pivotal to the functioning of its equities markets.

A key benefit of market competition is the availability of an alternative market when ASX is unavailable but a general lack of confidence on the day resulted ... (read more)