SGX

SGX MULLS REINSTATING LUNCH BREAK. WHY IS THIS NEWS!

Now, they are revisiting the issue of having a lunch break for the Singapore Exchange again. The last time, back in 2011, authorities scrapped the lunch break and implemented continuous all-day trading (CAT) for its equities market.

This had then caused an uproar, as after all, traders are humans too, and they do need to eat. But, things actually went swimmingly good in the six years it has been in operation and without dire consequences, there is no necessity for SGX to revisit this issue. The traders are not starving after the ban, and SGX better will not increase the current paltry trading volume, neither will it reduce it.

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SGX DELAYS STOCK MARKET OPENING ON WEDNESDAY TO 12:30 PM

The Singapore Exchange announced at about 4am on Wednesday that it will delay the stock market opening on Wednesday to 12:30pm because of a software glitch. SGX said the delayed opening is to enable member firms to complete client position reconciliations, and rectify any errors in the end-of-day processing for Monday, December 1, 2014

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SGX SUSPENDS STOCK TRADING DUE TO SYSTEM CONNECTION BREAKDOWN

Trade on the Singapore Exchange (SGX) has been halted since 2.51pm, according to a notice posted on the SGX.com website. Phillips Securities posted a message on its POEMS electronic trading website, stating: "Please be informed that we are currently experiencing industry-wide connectivity issue with SGX. Live prices and updates of order status for SGX are affected. Clients are advised not to submit any new orders during this period on SGX downtime.

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PAY MORE WHEN RENEWING SINGTEL MOBILE CONTRACT

SingTel mobile users who renew their contracts will pay $3 more for their monthly subscriptions, making their mobile plans the most expensive here. While some consumers have baulked at the new charges, SingTel maintains that the high charges are just on paper, as customers will be getting more value for money.

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