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SGX Shutdown Explained: Exchange Provides Details on Disruption

Posted: Mon Jul 18, 2016 10:55 am

The Singapore Exchange (SGX) went offline Thursday, after a technical disruption caused a series of delays that left investors searching for answers. In the aftermath of the delays a statement released by SGX’s CEO Loh Boon Chye, apologizing for the inconvenience, though until now there has been a definitive lack of details surrounding the darkness.

To recap, on Thursday, the SGX went dark for nearly five hours of live trading, ultimately coming back online early Friday. The lag caused a large amount of frustration and anger from investors whose orders had essentially been unfulfilled prior to the opening Friday. ... (read more)