Chanticleer
Monday's market outage a global embarrassment
The closure of share trading on the ASX during the strongest bull market ever seen in the month of November reflects a failure to learn from the major outage in 2016.
The ASX compounded its failure to keep the country's primary equity capital market open by failing to ensure a seamless transition to the alternative market, Chi-X.
What makes this failure by the ASX even worse is that the market operator appears to have snubbed its nose at the recommendations made by the Australian Securities and Investments Commission following the last major outage in 2016.
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