The ASX cash equity market trading platform did not reopen for trading today Monday, 16 November 2020, after an outage occurred during the opening auction. ob体育 remains in regular communication with ASX, market participants, and members of the Australian Council of Financial Regulators. We are focussed on ensuring that ASX reopens in an orderly manner on Tuesday 17 November, and that market integrity is not compromised. ob体育 will also monitor for any impacts resulting from the failure of ASX Trade to open for most of the day.
ob体育 views outages of this nature with significant concern. It has had a significant impact on the market, including market participants and investors. The ASX is one of the world鈥檚 most active and visible public markets and forms a critical part of Australia鈥檚 national economic infrastructure.聽 Well-functioning financial market infrastructure is critical to the integrity and reputation of the Australian equity market and the trust and confidence investors have in it. As the primary equities market in Australia, ASX performs a vital role.
Market licensees are required to operate a market that, to the extent reasonably practicable, is fair, orderly and transparent, and to have sufficient resources (financial, technological and human) to operate the market, including for any outsourced services. Following the reopening of the market, ob体育 will determine whether ASX followed the relevant regulatory requirements under the Corporations Act and met its obligations under its Australian Market Licence.
In addition to ob体育鈥檚 expectations that this outage will be resolved as soon as is possible in a safe manner, ASX will be required to provide a full incident report to ob体育.
We note that the Chi-X market remained open for participants to trade ASX listed equities, as well as Chi-X quoted ETFs and TraCRs.