The computer glitch that yesterday struck the operator of the Australian Securities Exchange, ASX Ltd
(ASX:ASX), is believed to have wiped off around $1.5 billion in turnover, according to a Fairfax media report.
The technical breakdown struck the bourse at 2.48pm and resulted in 149,513 fewer trades than the daily average in 2010.
ASX spokesperson Leanne Bland told Fairfax that all trades were executed though confirmation messages failed to be delivered to a portion of the market, forcing the market to halt.
Ms Bland also said that ASX is unsure whether it is a hardware or software problem and more information will be available in due course.
ASX generated a net profit of $172 million in the first half of its 2011 financial year.
