Market heat causes CommSec crash
CommSec's online trading system crashed yesterday morning as the market went into meltdown with the service unavailable from 10am until 10.35am. CommSec accounts for around 50 per cent of the online broking market and the 125,000 trades they processed yesterday beat the previous record of 101,000 trades in a single day. The system crash has been blamed on the unusually high volume of trades as well as a database software bug. The head of CommSec, Matthew Comyn, apologised for the service interruption and said that any complaints from customer would be handled on a case by case basis.
By The Australian Financial Review