Econintersect: The Australian Securities Exchange closed more than an hour early on Monday, due to its own technical glitch. It was reported by the Courier-Mail and the Herald-Sun that the problem was an automated messaging system that confirmed trades. It is possible that some of the closing prices may be reported incorrectly in Australian newspapers.
The latest stock exchange technology snafu comes just a day after the London Stock Exchange was shut done for four hours on Friday. The LSE launched a new technology system last week and several problems emerged by Friday that led to the shutdown.
On Tuesday last week the Italian stock market was closed temporarily because of technical problems.
Sources: Herald Sun, Courier Mail, Daily Mail, The Wall Street Journal and Securities Technology Monitor
