Investors report no issues as ASX resumes

Australian share market investors have reported no problems trading after technical glitches stopped trade on Monday after just 24 minutes. 

The exchange opened at its regular time of 1000 AEDT on Tuesday and Bell Direct market analyst Jessica Amir said she and her colleagues had not experienced problems.

“It’s been pretty smooth. We’ve hit a nine-month high. So far, so good,” she said.

The S&P/ASX200 benchmark index was higher by 28.4 points, or 0.43 per cent, to 6512.7 at 1118 AEDT on Tuesday.

The All Ordinaries was up 24.6 points, or 0.36 per cent, to 6711.6.

The technical problems on Monday led market operator ASX to suspend training and apologise to users.

The glitch followed the introduction of a new trading platform, after almost a year of testing.

An issue with the trading of multiple securities in a single order, called combination trading, produced inaccurate market data.

Financial regulator ASIC said it had significant concerns about the outage and would review whether ASX had met regulatory requirements and the conditions of its licence for operating the bourse.

It will also ask ASX for an incident report.

Shares in the ASX were lower by 0.85 per cent to $81.60 in morning trade.

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