Derivatives market reopens after temporary suspension due to technical fault: SGX

Derivatives trading on the Singapore Exchange (SGX) was temporarily halted on Monday night. ST PHOTO: KUA CHEE SIONG

SINGAPORE - The Singapore Exchange (SGX) said that trading on the derivatives market was temporarily suspended on Monday night at 7.56 pm due to a technical glitch.

The market re-opened at 9.30 pm and trading resumed at 9.45pm, an SGX spokesman confirmed later.

"The temporary suspension at 19.56 was due a technical fault. We apologise for the inconvenience caused," a release said. The market will close per normal, it added.

The SGX in June said it will invest $20 million to beef up its technology infrastructure, and will temporarily refrain from raising securities and derivatives fees after suffering trading disruptions late last year.

The technology investment and fee freeze were made after the disruptions drew criticism from the Monetary Authority of Singapore, the country's central bank and SGX's regulator.

A software error led SGX to open the bourse more than three hours late in December. The delay followed a Nov 5 power failure that halted stocks and derivatives trading.

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