SGX Stays Dark After Missing Scheduled Restart
Posted: Wed Jul 13, 2016 6:41 am
Equities trading on the Singapore Exchange (SGX) has gone dark Thursday, after the venue took preventative steps to restart its systems which had been receiving duplicate trade confirmation messages. Despite an announced restart and resumption of trading at 14:00 local time, the SGX has failed to come back online, leaving investors with no timetable on when trading will resume.
The situation is not unchartered territory for SGX, having incurred a malfunction in its systems framework last year as well, to little material consequence. August 2015 saw a two-hour disruption across its derivatives trading at the hands of a technical fault – the ... (read more)