NZX trading halted over technical issues
UPDATED: Trading is halted on the NZX while connectivity issues are investigated.
Update / 2.10pm: NZX says it is urgently investigating connectivity issues that struck a number of its systems at midday.
Trading is halted on all New Zealand's stock markets while this is investigated and a further update is expected at 3pm, the NZX says in a statement.
"Trading will resume when NZX is confident that the connectivity issues have been resolved," the stock exchange operator says.
"The cause of this operational issue will be fully investigated, the findings of which will be reported back to the Financial Markets Authority and market participants in due course."
Earlier: All trading on New Zealand's stock market has been halted by technical issues in the second major outage this year.
An NZX spokeswoman confirmed the stock exchange has halted trading and is investigating the problem.
Reuters reported the stock exchange operator said it had connectivity issues and suspended trading on all markets while it tries to restore the service.
In April, the Wellington-based company kept trading open when problems with its data feed kept retail investors in the dark over market announcements and live pricing.
The NZX launched the Nasdaq OMX X-stream trading platform last November as it looks to branch out into new securities trading, including derivatives and commodities.
The stock exchange had a major IT glitch in 2010 when failures in multiple hardware services disrupted index feeds until midday, meaning index pricing, such as the benchmark NZX 50 Index, was not available in morning trading.
(BusinessDesk)
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NZX trading halted over technical issues
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