Trading on Singapore derivatives market opens as normal on Tuesday: SGX

SGX Centre 1 at Shenton Way. ST PHOTO: LIM YAOHUI

SINGAPORE - The Singapore Exchange (SGX) said that trading on its derivatives market opened as normal on Tuesday following a one-and-a-half hour trading suspension on Monday night.

The derivatives saw pre-opening at 7.30am and continuous trading at 7.40am, SGX said.

On Monday night, trading was suspended at 7:56pm after a number of trading participants experienced problems connecting to the derivatives market due to an intermittent technical failure.

SGX said the techical fault required it to switch certain services to backup systems to ensure that all members were fully able to connect and trade. Tradng resumed at 9:30pm.

SGX was reprimanded by the Monetary Authority of Singapore for two major trading disruptions last year. One incident on Nov 5, 2014, took place because the exchange's backup power supply failed to kick in, halting trade in stocks and derivatives for around three hours.

A second incident on Dec 3, 2014, stemmed from a faulty software update that resulted in a three-and-a-half-hour delay to the start of stock market trading.

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