This is from an article published in late April
Not good enough: The NZX is once again under fire from brokers frustrated at ongoing “technical issues” in recent days that have delayed orders from being executed on a timely basis. ASB Securities displayed a notice on its website yesterday apologising for the slow execution of trades and blaming the NZX for the problem. The issue once again highlights ongoing under-investment by the stock exchange operator in keeping its technology platforms updated which has been further exacerbated when trading volumes spike as they have done in recent days. Newsroom’s calls to NZX CEO Mark Peterson yesterday seeking comment went unanswered.
On notice: A spokesperson for the Financial Markets Authority said they had been briefed by the NZX on the issue. “We understand that rectifying the issue is their highest priority and the NZX Board is looking at any additional processes or governance necessary to ensure it is fully mitigated and not repeated. We are satisfied with this approach and will remain informed by the NZX, as they progress the resolution of these matters.”