22 August 2017
Find out more

NZX market announcement - multiple hardware server failures

16 September 2010  |  2337 views  |  0 Source: NZX

NZX this morning experienced failure in multiple hardware servers.

These servers are the mechanical platform upon which the market infrastructure operates. A brief interruption was experienced with respect to the index feeds. This was restored mid-morning. NZX initiated business continuity planning procedures. Included in these procedures was the consolidation of the twice a day net batch settlement into one consolidated end of day batch.

Settlement of cash and stock will occur as normal on a usual business day.

The servers are the "tyres" upon which the Clearing House settlement system is driven, but are outside that system, and the failure in the servers is unrelated to the implementation of the Clearing House.

The Clearing House system continued to function, and business continuity processes also ensured that there was no market interruption or change to trading conditions.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comdownload the paper nowvisit www.vasco.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
12426 views comments | 26 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
10985 views comments | 22 tweets | 34 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10211 views 0 | 6 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
10167 views comments | 10 tweets | 8 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
10075 views comments | 21 tweets | 34 linkedin