No signs of significant increase in trading in Singapore securities arising from online discussions
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THERE have been no signs that discussions in online forums or social media chat groups have led to any significant increase in the trading of securities listed in Singapore, said Monetary Authority of Singapore (MAS) board member Ong Ye Kung on Tuesday.
However, MAS and Singapore Exchange Regulation (SGX RegCo) are on "heightened alert" to such activities, Mr Ong said, noting recent events in the US have highlighted the risk of excessive trading driving sharp price movements.
"There are important lessons to learn from this experience, and we need to be alert to similar risk, potentially occurring in our own markets."
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