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Has SGX acted too late?

Derivatives volume, however, rose 20 per cent year-on-year to 8.5 million contracts, while open interest, or contracts not closed or delivered at end-October, rose 62 per cent to 3.7 million contracts - PHOTO: BLOOMBERG

LAST Friday, the Singapore Exchange (SGX) took the drastic step of cleaning up what had been left smelling in its backyard over the years. On Sunday, the local bourse operator allowed trading to resume in three stocks it had suspended trading in, albeit with restrictions against short-selling