Friday, July 8, 2011

ASB Securities down, again

ASB Securities has a reputation for an unreliable broking site but this kind of thing is really unacceptable. We are supposed to have confidence in markets and the technology that supports it but this kind of thing does little positive and it is not like it is a one-off.

From the ASB Securities website:

"One of our data providers is experiencing issues with NZX and ASX market data. As a result pricing, quotes and depth may NOT be correct. For live and up to date information please contact one of our brokers on 0800 272 732. We apologise for any inconvenience this may cause."

Check out what my portfolio is worth today.

Share Investor 2 Portfolio as at 11:48:25, Friday 08 July, 2011 (NZT)

 Cost  price 
Total cost
 Market price
 Market value

9,000 $5.340 $48,060.00 - - $48,060.00  100.00%


Total cost  Market value  Change

$48,060.00  $0.00 $-48,060.00

More Banking Madness @ Share Investor

ASB Bank: Customer "Service"
Bryce the Banker: The Final Insult
Banks not participating in Recession

Bank Guarantees: Time for banks to return the favour
The Return of Bryce
Banking Madness!

Discuss this topic @ Share Investor Forum

c Share Investor 2011


  1. I wonder how much this has cost traders since the site went down over 30 mins ago?

  2. It took a good few hours to rectify.Not good enough.

  3. About 3-4 months ago, I logged into my account to see an account value of over $6 Million USD due to an error in the pricing of several Swiss exchange options. The pricing was off by at least $1-2 Sfr per option. It took my broker 1 week to rectify the problem, so my accounts showed $6 million for the entire week.

  4. I wonder what would have been the scenario if you had "accidentally" traded that balance in your account?

  5. OMG!!! ASB Securities isn't allowing me to do my orders!
    "My trades is currently unavailable. Please try again shortly."
    APPALING!!!! ><

  6. Rafa, yeah, I wanted to change my FPH trades just 10 mins ago. Back up now. Always seems to go down when it has high demand. Once again not good enough.


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