ASX told to review IT infrastructure following outage
The Australian Securities and Investments Commission (ASIC) has recommended the Australian Securities Exchange (ASX) review several parts of its IT infrastructure following the market outage on 19 September, 2016. The Commission has released its report on the outage, recommending that the ASX address three key components of its IT infrastructure that contributed to the outage. Following an internal investigation, the ASX determined that the outage was triggered by a hardware failure that affected the primary ASX Trade database.