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Tuesday 20 September 2016

16-317MR Statement from ASIC regarding yesterday's securities markets trading

ASIC closely monitors all trading activity on the securities markets run by our licensed market operators. Consistent with that, we will examine the cause and any effects of yesterday as a priority and as part of our close oversight of market operators. We note that Chi-X did provide a trading venue for ASX shares from 11:30am yesterday. 

We are concerned any time there is an incident like this on any of our securities markets, as of course are the users of those markets.

They have a legitimate expectation that Australia's securities markets perform to the highest standards. Historically, Australian trading platforms like ASX have at least met global benchmarks for up-times and reliability, with up-times on an annual basis regularly around 100%. We expect Australian market operators to continue to target this level of performance.

Last updated: 22/09/2016 02:55