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Index Trading, xjo, dow, dax, ftse
early birds
post Posted: Nov 18 2020, 08:02 AM
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ASIC raises hell after another ASX component fails
Vesna Poljak

The Australian Securities and Investments Commission has unloaded on the ASX for a second day, articulating its concern with the performance of the market's main infrastructure and warning the market operator that its licence could be hit with "further actions".

The ASX's comeback from the longest outage in four years did not go as smoothly as hoped on Tuesday and was impeded by delays, eventually resolved, with the ageing CHESS system of clearing and settlement late in the session.

ASIC's intervention invites new questions about the standard of the market's critical infrastructure and the ASX's stewardship, but the ASX is confident in its position.

"ASX will continue to engage constructively with ASIC," and "we are very confident that we are meeting our market licence obligations," ASX replied.

The regulator specifically took issue with another problem on Tuesday, related to the matching system called Centre Point, which was struck with data issues. ASX subsequently decided bids and offers coming from Chi-X, an alternative market venue, would not feed Centre Point. Normally both ASX and Chi-X data is scooped up by the system to get buyers and sellers the best price available.

In ASIC's view, it appears Centre Point wasn't compliant with the market integrity rule covering pre-trade information.

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asx200 will be floating like dead corpse after directionless from oversea's major markets. kinda lean to 6475ish!!

 
early birds
post Posted: Nov 17 2020, 08:18 AM
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ASX confirms it will open at 10am; Moderna vaccine lifts Wall Street

https://www.afr.com/markets/equity-markets/...20201117-p56f6j

Monday's market outage a global embarrassment

The ASX compounded its failure to keep the country's primary equity capital market open by failing to ensure a seamless transition to the alternative market, Chi-X.

https://www.afr.com/chanticleer/monday-s-ma...20201116-p56f2k

miss fortune for one is another one's opportunity...... tongue.gif

asx200

will be range between 6475---6515. my take is it will stay below 6500 ,most of the time with our cash market

going to sharpen up my scalping skill today!! tongue.gif



 
henrietta
post Posted: Nov 16 2020, 03:36 PM
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In Reply To: henrietta's post @ Nov 16 2020, 02:21 PM

Whoops .... must have hit the button twice.
Cheers
J



--------------------
"Sometimes I sits and thinks, and sometimes I just sits." Satchel Paige

"No road is long with good company." Traditional
 
henrietta
post Posted: Nov 16 2020, 03:36 PM
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In Reply To: henrietta's post @ Nov 16 2020, 02:21 PM

Well, there you go ......... just a computer program glitch. weirdsmiley.gif

QUOTE
An ASIC spokesman said told The Australian the corporate watchdog was monitoring the situation, noting the issue followed a system upgrade by ASX over the weekend.

He dismissed any notion that it could be due to a cyberattack.


Maybe.

Cheers
J





--------------------
"Sometimes I sits and thinks, and sometimes I just sits." Satchel Paige

"No road is long with good company." Traditional
 
henrietta
post Posted: Nov 16 2020, 02:21 PM
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In Reply To: early birds's post @ Nov 16 2020, 01:35 PM

Just some wild imaginings EB. Probably just some bedding down gremlins.

Cheers
J



--------------------
"Sometimes I sits and thinks, and sometimes I just sits." Satchel Paige

"No road is long with good company." Traditional
 
nipper
post Posted: Nov 16 2020, 02:14 PM
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In Reply To: early birds's post @ Nov 16 2020, 12:56 PM

The Day they called it a Night

ASX closes trading early; eyes Tuesday restart


QUOTE
The ASX says equity markets will not open for the remainder of today.

The underlying cause of the issue has been identified and a resolution path is in place, allowing trading to commence tomorrow at 10am AEDT.





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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

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early birds
post Posted: Nov 16 2020, 01:35 PM
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In Reply To: henrietta's post @ Nov 16 2020, 01:22 PM

what is your mean H??? unsure.gif



 
henrietta
post Posted: Nov 16 2020, 01:22 PM
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Could this be China's way of making a point ?

Cheers
J



--------------------
"Sometimes I sits and thinks, and sometimes I just sits." Satchel Paige

"No road is long with good company." Traditional
 
early birds
post Posted: Nov 16 2020, 12:56 PM
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In Reply To: Danville's post @ Nov 16 2020, 12:49 PM

ASX still working to identify issue
William McInnes

The ASX says it has still not identified the cause of the market outage this morning and is stil working to investigate the issue.

An earlier update from the bourse said it had identified the issue however it has clarified that is not the case.

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ASX issue ed this at around 12:00, but they seems still can't solve the problem. you have been here before you know how things running here!! lmaosmiley.gif
asx200 index still moving but it start aim at down side as you point out " spooked trader" .

i called few broker-------they know nothing!!



 
nipper
post Posted: Nov 16 2020, 12:54 PM
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In Reply To: nipper's post @ Nov 16 2020, 12:52 PM

outage = outrage

(why, I do believe there is even an Open Outcry happening)



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 


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