The Singapore Exchange Board Committee of Inquiry has completed its investigations into the Nov 5 trading breakdown in the securities and derivatives markets.
The BCOI has submitted its report to the SGX Board and the Monetary Authority of Singapore, SGX said in a statement today. SGX did not say when the findings of the report will be released.
Trading was halted for three hours on Nov 5 following a technical glitch that caused the most severe disruption on the SGX in seven years, with market players complaining about lost earnings.
Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam said the incident affected Singapore's reputation as a financial centre.
The BCOI was tasked to oversee investigations into the facts and circumstances leading to the trading breakdown, review the findings of the investigations, SGX's decision making process, incident management and responses, and communications with market participants and the general public.
It will also recommend appropriate improvements to prevent recurrence and enhance processes in crisis management, SGX said earlier.
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.