Singapore's cbank says closely monitoring SGX trading problem

Image
Reuters SINGAPORE
Last Updated : Jul 14 2016 | 3:07 PM IST

SINGAPORE (Reuters) - The Monetary Authority of Singapore (MAS) said it had been informed the Singapore Exchange had ceased trading in its securities market on Thursday due to a technical issue, and the central bank was monitoring the situation closely.

"We understand that SGX is currently working with affected members to rectify the issue. MAS is monitoring the situation closely," the central bank said in an email.

The Singapore Exchange Ltd had said securities trading was suspended just before midday due to duplicate trade confirmation messages being generated. Trading would not resume on Thursday.

(Reporting By Aradhana Aravindan; Editing by Kim Coghill)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 14 2016 | 2:57 PM IST

Next Story