The outage, which caused settlement to be deferred for a day, was caused by an isolated part of Chess that calculates memory allocation for settlement processes, it said.
“I wanted to write to customers directly to once again apologise for the incident and to assure them that we’ve taken steps to fix the issue and prevent reoccurrence,” Lofthouse said in the statement.
ASX’s Chess system has been under scrutiny amid concerns over the progress and delays of a technology upgrade. In August, Australia’s securities regulator said it’s sueing ASX for misleading statements relating to the years-long upgrade to its clearing and settlement system.
See also: UBS sees strength in equities with defensive earnings amid JCI uncertainty
Scroll to continue
Photo: Bloomberg
