People pass a Singapore Exchange trademark during their conduct bureau in Singapore. The batch marketplace halted all trade on Thursday morning. (Reuters photo)
Singapore Exchange Ltd halted all equities trade on a marketplace Thursday morning and missed a self-imposed aim to resume, withdrawal investors in a dim about when a $494 billion marketplace will reopen.
The bourse pronounced a hindrance was caused by repetitious trade acknowledgment messages. Trading was scheduled to restart during 2 pm, though a sell after pronounced this would not happen.
“Member settlement files are being generated and a bonds marketplace will not resume trade during 1400 hours,” a sell user said. “We will advise a marketplace resumption time once member settlement is completed.”
It’s during slightest a second malfunction to impact SGX’s systems in a past year. There was a nearby two-hour intrusion in derivatives trade in Aug after a technical fault.
In 2014, a Monetary Authority of Singapore reprimanded SGX for dual trade disruptions that occurred a year earlier, a blow for a bourse user underneath former arch executive officer Magnus Bocker. He was transposed in Jul 2015 by Loh Boon Chye, before Bank of America Corp’s conduct of Asia-Pacific tellurian markets.
“It’s not a initial time it’s happened in Singapore,” pronounced Steven Leung, executive executive during UOB Kay Hian (Hong Kong) Ltd. “Hong Kong might be improved — we don’t remember when Hong Kong had such a cessation since of technical issues — though people will forget about such events after some time.”