Singapore Exchange Ltd. (SGX) halted trading on Southeast Asia’s - TopicsExpress



          

Singapore Exchange Ltd. (SGX) halted trading on Southeast Asia’s biggest stock market for 144 minutes, only briefly reopening after the normal closing time. The company said it was still investigating why the connection between its members and the market was severed. Singapore Exchange stopped trading at 2:51 p.m. local time after losing the link to its securities and derivatives markets, it said in a statement on its website. Share trading resumed from 5:15 p.m. to 5:51 p.m., the company known as SGX subsequently announced. Singapore’s Straits Times Index didn’t update when trading in its constituent members resumed. The equity benchmark normally trades from 9 a.m. to 5 p.m. The exchange operator didn’t say when derivatives transactions would restart. Some of the world’s biggest exchanges have suffered from outages in the past week. On Oct. 31, a computer malfunction forced Deutsche Boerse AG to suspend trading on its Xetra equities platform for 72 minutes. A day before that, the New York Stock Exchange had to switch to a backup system after a network hardware failure caused its price feed to malfunction.
Posted on: Wed, 05 Nov 2014 10:48:54 +0000

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