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(Bloomberg) — Australia’s stock exchange said it identified the issue that spurred a market outage on Monday.
Pedestrians are reflected in a window as they walk past an electronic stock board at the ASX Ltd. exchange centre in Sydney, Australia, on Thursday, Feb. 14, 2019. “We made good progress on our core initiatives across the period, including the program to replace CHESS with distributed ledger technology; upgrade of our secondary data centre to strengthen market resilience; and restructure of our Listings Compliance team to enhance the quality of market oversight,” ASX Chief Executive Officer Dominic Stevens said.
The ASX Ltd. continues to work on a resolution and will provide further updates, the bourse operator said on its website without detailing what the issue was. Trading on the exchange was paused shortly after the market open as the ASX investigated market data issues. The S&P/ASX 200 Index was up