The Australian Securities and Investments Commission (ASIC) is actively engaging with ASX Limited following a significant disruption to its market announcement platform. The outage has now extended into its third hour, preventing the timely release of market-sensitive information. ASX Limited operates Australia’s primary securities exchange, providing a platform for trading shares and other financial products. It also offers listing services for companies seeking to raise capital.
According to an ASIC spokesperson, the regulator is fully aware of the ongoing issues affecting the ASX market announcement platform. The disruption has impacted as many as fifty companies, hindering their ability to publish important announcements before the start of trading. This has raised concerns about potential impacts on market transparency and fair trading practices.
In response to the situation, the ASX has stated that individual securities will be placed on trading halt as price-sensitive announcements are received. This measure aims to prevent uninformed trading decisions based on information that has not yet been officially disseminated to the market. The exchange is working to resolve the technical difficulties and restore normal service as quickly as possible.
Market participants are advised to monitor ASX announcements for further updates and specific details regarding affected securities. The incident highlights the critical importance of robust and reliable infrastructure for the smooth functioning of Australia’s financial markets.
