ASX Ltd
(ASX:ASX), the operator of the Australian Securities Exchange is coming under fire from its competitor Chi-X Global for Monday’s computer glitch.
The foreign-owned exchange, aspiring to launch a competing market in Australia, is taking advantage of the trading halt.
The ASX suspended trading at 2.48pm for 82 minutes on Monday after discovering some trade confirmation messages had not been getting through.
The Japanese-owned company says that trading could have continued if Australia had a rival exchange. That’s according to a report by The Australian.
ASX generated a net profit of $172 million in the first half of its 2011 financial year.
