In an advisory issued at around 10:30 a.m., PSE said, "market halted due to incorrect reference prices reflected in PSETradeX. The exchange is taking appropriate action to resolve the matter."
Trading resumed at around 11:15 a.m.
The PSETradeX is the new system being used by the PSE to enable the stock exchange to handle up to five times the transactions compared to the previous trading system.
The new system, which is developed by NASDAQ, was launched in June.
source: www.abs-cbnnews.com
