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SGX glitch not a negative commentary on its technology

Published Mon, Nov 10, 2014 · 09:50 PM

THE power outage which suspended trading for three hours on Singapore Exchange (SGX) last week is a reminder of how dependent we have become, as a society, on technology not only for doing business but also for almost every aspect of our daily lives.

It's also a reminder that technology is not a "silver bullet" that can be fired and forgotten about. It needs to be nurtured and monitored; it is a means to an end, not an end in itself. The exchange has a state-of-the-art IT (information technology) network …

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