SGX given 6-point action plan for market outages

Singapore

A SECURITIES industry working group convened after a July 2016 market outage is recommending that the Singapore Exchange (SGX) adopt clearer continuity plans and maintain closer coordination with the industry and service providers.

The working group drew up half a dozen recommendations, which the regulator, the Monetary Authority of Singapore (MAS), has accepted; it has directed the SGX to implement them within two years.

SGX said it has done so for three of them, namely, to establish a master record of data, provide clarity on the timing and principles of market …