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SGX panel completes probe into trading breakdown
The investigation into the trading breakdown at Singapore Exchange (SGX) in November last year has been completed, with the SGX board committee of inquiry submitting its report to SGX board and the Monetary Authority of Singapore, the exchange said on Wednesday.
The committee of inquiry had been tasked to look into the facts and circumstances leading to the breakdown on Nov 5, review the findings of the investigations, SGX's decision-making process, incident management and responses, and communications with market participants and the general public.
It was also to recommend appropriate improvements to prevent recurrence and to enhance processes in crisis management.
A power outage at SGX's data centre had shut down its securities and derivatives trading systems for at least three hours on Nov 5 last year, in one of the most serious trading outages in recent years.