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“Technical Glitch” Takes Down Australian Stock Exchange

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Tyler Durden
Zero Hedge
Feb 28, 2011

After last week we saw the Euronext, the Italian and the London Stock Exchanges crashing and burning, it is now Australia’s turn. According to the ASX, the exchange is “currently experiencing technical difficulties regarding trade dissemination on Partition 3 Securities” which in non-binary means the prices on the ASX are not updating. Must be all that pent-up buying pressure over the continuing Libyan revolution… Of course, those who only trade the futures, such as the big banks and the quant desks are immune as futures are still trading without a glitch. How long before the threat of a racist, unpatriotic down print takes down the Nikkei, the Shanghai Composite, and finally the Deutsche NYSE? Luckily, the Nasdaq where only C-grade vacuum tubes trade any longer, will be spared.

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This article was posted: Monday, February 28, 2011 at 5:28 am





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