Australian Securities Exchange November 2020 trading outage
Australia's main stock exchange suffered a full-day trading halt, the country's longest ever, disrupting trading for the entire market.
The damage was public. The root cause was preventable.
Australia's main stock exchange suffered a full-day trading halt, the country's longest ever, disrupting trading for the entire market.
What the software actually got wrong
ASIC's review found a recent software update to the exchange's trading system introduced inconsistent handling of reference price data across different parts of the system, and safeguards designed to keep the system in a consistent state instead caused it to halt entirely rather than continue operating with mismatched data.
ASIC's review found a recent software update to the...
ASIC's review found a recent software update to the exchange's trading system introduced inconsistent handling of reference price data across different parts of the system
Requs AI Edge Case flags this exact pattern at the requirements and architecture stage — before a single line of code implementing it exists — so the assumption behind it gets challenged while it is still cheap to fix.
Safeguards designed to keep the system in a consistent...
safeguards designed to keep the system in a consistent state instead caused it to halt entirely rather than continue operating with mismatched data
Requs AI Software FMEA traces this failure mode back to the system-level hazard it feeds, tagging it against the Common Defect Enumeration so it surfaces in review instead of in the field.
Beyond code coverage and "shall" testing
Root causes like this one rarely show up in code coverage or requirements-compliance testing, because nobody wrote a requirement anticipating the specific edge case that broke. Requs AI Edge Case and Requs AI Software FMEA are built to surface exactly this class of overlooked failure mode — before the software is written.
Surfaces this before code exists
Identifies edge cases like this one at requirements and architecture time, using the Common Defect Enumeration to catalog failure patterns seen across hundreds of real-world software failures — including this one.
Connects the failure mode to the hazard
Traces this class of root cause directly to the system-level hazard it can produce, so a defect pattern like this one gets flagged during design review instead of after it ships.
Find the overlooked root causes before they ship.
Schedule a demonstration, or explore how Requs AI Edge Case and Software FMEA use the Common Defect Enumeration.