Trading in the Australian Market Suspended for the Day Following Technical Issues

Australia’s Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term (ASX) has suspended trading for the rest of the day after a technical glitch delayed the open by an hour, ahead of key US and Japan central bank meetings this week.

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The technical issue is reported to be related to the systems failing to receive orders from Stock Brokers Stock Brokers A stock broker is a company, individual, or entity that is authorized to buy and sell stocks or other financial instruments. Brokers’ main function includes buying and selling orders on a trader’s behalf. Through innovation and a byproduct of us residing with the technology era, more and more traders are beginning to open brokerage accounts with online brokers.In the past, many brokers accrued money through charging a commission on every trade but as competition has strengthened and technology h A stock broker is a company, individual, or entity that is authorized to buy and sell stocks or other financial instruments. Brokers’ main function includes buying and selling orders on a trader’s behalf. Through innovation and a byproduct of us residing with the technology era, more and more traders are beginning to open brokerage accounts with online brokers.In the past, many brokers accrued money through charging a commission on every trade but as competition has strengthened and technology h Read this Term and other market participants. The exchange is working with its technology vendor Nasdaq, to prevent a recurrence of the problem, having halted trading in the afternoon prior to cancelling it for the rest of the day.

ASX said in a media statement that the market would not re-open on 19 September, and there would be no closing single price auction.

The statement released by the ASX reads as follows: "The opening of the equities market has been delayed due to an issue with a component that allows ASX to manage individual stocks," said Matthew Gibbs, the spokesman for the ASX in Sydney.

"ASX is working to rectify the issue and open the market in an orderly manner as soon as possible."

The ASX tweeted around 12.30 pm SIN/HK that trading had been halted, and later said trade would not resume on Monday.

The ASX Equities Market has been halted. Further information about market status will be released in due course. pic.twitter.com/FXfmHPqMcu

— ASX (@ASX) September 19, 2016