The independent expert review of the ASX market outage that occurred after a new version of the Nasdaq equity market trading system went live on Monday 16 November 2020 has been completed.
ASX commissioned the review by IBM in consultation with the Australian Securities and Investments Commission (ASIC) and the Reserve Bank of Australia (RBA).
The review’s report makes recommendations across seven categories. IBM’s summary of its recommendations is attached.
ASIC and the RBA have issued their responses today. ASX is engaging closely with both regulators and will address all of the report’s recommendations. ASX’s actions reflect our commitment to continually improve our resilience by implementing learnings from incidents and outages, and to ensure we maintain a contemporary technology base.
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