ASIC Starts Investigating the Australian Securities Exchange After the Market Outage That Cost Investors Millions
Last Monday, the Australian Securities Exchange had a 24-hour blackout that cost investors millions of dollars. The blackout lasted all through Monday as the site only came back online on Tuesday morning. Following the crash, the Australian Securities and Investment Commission has launched a full-fledged investigation.
ASIC Comes for the Australian Securities Exchange
This morning, the ASX confirmed that they are under official investigation from the Australian Securities and Investment Commission. According to their officials, there was a problem with their Centre Point anonymous matching system. The problem prevented traders from using Chi-X offers or bids.
At the time of writing, the ASX shares were down by 0.38% after recovery from Monday's massive crash. As trading started on Mo...