The Australian Securities Exchange has said a hardware failure in the main database used by the system was behind Monday's series of trading glitches. Asha McLean – ZDNet After a series of technical issues and errors disrupted and ultimately halted trading on Australian Securities Exchange (ASX), managing director and CEO Dominic Stevens has apologised in a statement, pointing to a hardware failure as the cause on Monday's troubles. "Today, ASX encountered issues with our equities trading system, ASX Trade. What happened today does not meet the high standards of operations and system reliability that we set ourselves, and that our customers should rightly expect of us. We apologise for the disruption," Stevens said. /goo.gl/kt3p1L