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SINGAPORE: Trading on the derivatives market was temporarily suspended at 7.56pm, the Singapore Exchange (SGX) said on Monday (Aug 3).
"We are investigating and will update the market as soon as possible. We apologise for the inconvenience caused," the SGX said in a statement at 8.15pm.
At 8.42pm, SGX said the suspension was due to a technical fault and said recovery of the market was in progress.
Half an hour later, SGX said the market is expected to re-open with a pre-open at 9.30pm and that trading would commence at 9.45pm. The market would close as per normal, SGX said. At 9.50pm, the SGX confirmed that trading resumed at 9.45pm.
SGX had previously been reprimanded by the Monetary Authority of Singapore for two major trading disruptions in the last two months of last year. One incident on Nov 5, 2014, took place because the exchange's backup power supply failed to kick in, halting trade in stocks and derivatives for around three hours.
A second incident on Dec 3, 2014, stemmed from a faulty software update that resulted in a three-and-a-half-hour delay to the start of stock market trading.
http://www.channelnewsasia.com/news/business/trading-on-sgx/2026060.html
"We are investigating and will update the market as soon as possible. We apologise for the inconvenience caused," the SGX said in a statement at 8.15pm.
At 8.42pm, SGX said the suspension was due to a technical fault and said recovery of the market was in progress.
Half an hour later, SGX said the market is expected to re-open with a pre-open at 9.30pm and that trading would commence at 9.45pm. The market would close as per normal, SGX said. At 9.50pm, the SGX confirmed that trading resumed at 9.45pm.
SGX had previously been reprimanded by the Monetary Authority of Singapore for two major trading disruptions in the last two months of last year. One incident on Nov 5, 2014, took place because the exchange's backup power supply failed to kick in, halting trade in stocks and derivatives for around three hours.
A second incident on Dec 3, 2014, stemmed from a faulty software update that resulted in a three-and-a-half-hour delay to the start of stock market trading.
http://www.channelnewsasia.com/news/business/trading-on-sgx/2026060.html
