UPDATE 4: Trading has resumed at 2PM (AEDST) , with the market up 2% above 4300 points.
UPDATE 3: ASX says trading will go pre-open at 1.40PM and resume from 2PM (AEDST)
UPDATE 2: ASX says trading will likely resume from 12.55 onwards. Maybe.
UPDATE 1: ASX says some trading has been resumed – doesn’t look like it on my screen.
The Australian Stock exchange has halted trading – a large “technical issue” means all trades are suspended and no prices quoted.
This is good news for competitor Chi-X Australia – which is set to launch at the end of this month and is one of many faults and interruptions this year.
As yet, there is no indication the events are related, or if this is the result of “high frequency trading” or other algorithmic trading programs overloading the system.
MacroBusiness will keep you updated as updates come in.
From the SMH:
Currently the market has gone into what is officially termed an ”enquire” mode, which means there is no trade at all.
Once the tech problems have been resolved the market will then go into a ”pre noticed received” phase, or what brokers call a ”pre-auction” phase for about 10 minutes.