Finance

ASX halted: ‘Data issues’ caused by introduction of new trading system

Australia’s share market finished higher but trade was suspended for most of the day after the introduction of a new trading system did not go as planned.

The S&P/ASX200 benchmark index closed up 79.0 points, or 1.23 per cent, to 6484.3 on Monday.

The All Ordinaries gained 77.6 points, or 1.18 per cent, to 6687.0.

The ASX paused trade at 1024 AEDT and said there were issues with market data.

This was later revealed to be a software issue with the trading of multiple securities in a single order, called combination trading, which created inaccurate market data.

The glitch was part of a new trading platform for shares, introduced on Monday.

Data problems have marred the first session of the week on the ASX. Credit: AAP

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