Independent experts appointed to help SGX board probe market disruption

The newly renovated office at the Singapore Exchange (SGX) centre. The committee of inquiry is looking into the major trading disruption on the SGX on Nov 5 and has confirmed the appointment of independent experts to assist it in its investigati
The newly renovated office at the Singapore Exchange (SGX) centre. The committee of inquiry is looking into the major trading disruption on the SGX on Nov 5 and has confirmed the appointment of independent experts to assist it in its investigations. -- PHOTO: ST FILE

SINGAPORE - The committee of inquiry looking into a major trading disruption on the Singapore Exchange (SGX) on Nov 5 has confirmed the appointment of independent experts to assist it in its investigations.

The SGX said in a statement on Friday the investigations will include a review of the bourse operator's technical, operational management and communications issues.

Work by these independent experts began last month and they will submit their findings and recommendations to the committee of inquiry.

"In view of the comprehensive nature of the review, the board committee of inquiry expects to submit its report to the SGX board and the Monetary Authority of Singapore by end-March 2015," the SGX said.

The committee of inquiry is made up of four SGX board directors - Mr Quah Wee Ghee, Mr Chew Choon Seng, Mr Kevin Kwok and Mr Lee Hsien Yang - who are independent of the management.

Mr Quah is the chairman.