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ASX resumes futures trading after glitch

Futures and options trading has resumed on the Australian market after a hardware fault stopped investors.

Trading resumed at 1400 AEDT on Thursday after the Australian Securities Exchange said it resolved the issue affecting its ASX24 platform.

The market operator stopped the trading at about 1000 AEDT.

Its more popular platform for trading shares on the ASX200 and All Ordinaries was unaffected.

Futures and options trading allows investors to buy and sell assets at an agreed date or price in the future.

They may deal in contracts for agricultural and energy assets like wheat and oil, as well as shares and interest rates.

The Australian Securities and Investments Commission last year ordered experts to review the stock exchange system after a lengthy outage on November 16, 2020.

Experts were also asked to oversee the replacement of the system used to record transactions, CHESS, which is due in April next year.

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