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Thursday, October 21, 2021

‘Unprecedented’ fault behind ASX breakdown

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Technicians have never encountered the fault that caused a dramatic outage of the Australian stock exchange on Monday, a report on the incident reveals.

Exchange operator ASX says an “unprecedented” hardware malfunction resulted in its trading system not properly connecting to a backup database at its disaster recovery site, or DRS.

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“At this stage, neither ASX nor its vendors can confirm having ever seen this malfunction before,” the company said in the report, and also confirmed it was cooperating with a review of the outage by the Australian Securities and Investments Commission.

Online Source

The Indian Telegraph Sydney Australia

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