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ASIC investigating stockmarket glitch

AAP logoAAP 20/09/2016

The corporate watchdog is investigating the technical glitch that hit the Australian stock exchange and prevented billions of dollars worth of trading.

Treasurer Scott Morrison said the Australian Securities and Investments Commission will report back after it looks into how the ASX was forced into a shortened trading session on Monday.

"This was a very unfortunate incident yesterday but it's been five years since something like that has happened with the ASX ... Regardless of that, these things need to be avoided and we need to determine what caused it," Mr Morrison told Sydney radio 2GB on Tuesday.

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