Trading

Singapore Exchange reveals cause of trading outage

SGX promises to boost technology investment to prevent a repeat of disruption

Thursday 25 June 2015 at 16:16

Singapore Exchange said Wednesday it would invest 20 million Singapore dollars (US$14.9 million) in its technology infrastructure and apologised for a power outage late last year that halted trading in its securities and derivatives markets for more than two hours.

The exchange also said it would contribute S$1 million to an investor education fund and freeze any increases to securities and derivatives markets fees until Singapore's central bank was satisfied the exchange operator had met all its obligations.