Singapore stock exchange to end lunch break

[Watchman]

Singapore stock exchange to end lunch break

18 January 2011 Last updated at 16:32 GMT

Singapore skyline at night The change aims to help Singapore keep pace with competition from rival Asian exchanges

Singapore's stock market, the Singapore Exchange or SGX, is to scrap its lunch break and introduce continuous all-day trading from March.

Currently the bourse operates a lunch break between 12.30 and 2pm.

The move comes as Singapore tries to keep pace with competition from rival Asian exchanges over increasing trading volumes in the region.

Singapore Exchange is Asia's second largest listed bourse operator, after Hong Kong Exchanges and Clearing.

"SGX trading hours will therefore overlap more with those of other Asian exchanges, allowing investors who trade pan-Asian securities to respond to regional market movements and news flow," the firm said in a statement.

The Tokyo Stock Exchange recently announced that it would reduce its lunch break to an hour, cutting it by 30 minutes, and Hong Kong Exchanges & Clearing said it would reduce its two-hour lunch break by 30 minutes.

 

[saratogas]

SGX the slave driver...

 

[Lord Brahma]

Their new machine. REACH

 

[Forvendet]

Then how do the dealers and staff take lunch? Call McDonalds, Pizza Hut etc.?

 

[Cestbon]

Then how do the dealers and staff take lunch? Call McDonalds, Pizza Hut etc.?

Online trading or employ assistant.

 

[eErotica69]

SGX the slave driver...

Please US market has done that long ago. You dunno?

 

[Maximilian Chua-Heng]

By 2012, HKSE will trim the lunch break hours from the current 2 hour to 1 hour. I doubt the China exchanges will scrap it.

It's not about slave driving, it's about how the Chinese do buisness over a meal that is, in this case, a lunch.

Ang moh CEO will not understand huan.

 

[Lord Brahma]

Then how do the dealers and staff take lunch? Call McDonalds, Pizza Hut etc.?

For house dealers,they will take turns to head for lunch and break. This is the usual practise for futures market, as for cash market, i think they will adopt these too. As for the remisier, I think they will advise their clients to call in dealing room and execute the orders when they are out.