, Singapore

SGX's lapses risk breaking traders' patience

It had suffered four disruptions in the past 18 months.

According to Bloomberg, Singapore Exchange Ltd. executives may need reminding of the rules set by Monetary Authority of Singapore, which states that "the potential impact of a major operational disruption may incapacitate the financial system. The quick recovery of business functions after disruption is therefore crucial in maintaining confidence in institutions."

Right now, it's fair to say that confidence in that institution has been shaken. Futures on the Nikkei 225 Stock Average, which usually open at 7:30 a.m. local time, didn’t start trading on Thursday until about 10:15 a.m. The delay also affected contracts on India’s Nifty 50 Index and iron ore.The exchange gave little information publicly about what happened. Given the implications, it's understandable that SGX might prefer to avoid talking about it.

Read the full story here.

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.