SGX securities market temporarily ceased trading as at 1138 hours

[BlueKelah]

http://www.sgx.com/wps/wcm/connect/sgx_e...CACHE=NONE

[brattzz]

oppsss.... happened again....

[thinknotleft]

Maybe MAS shd ask experts to review SGX IT system n their maintenance. If a system has issues from time to time, it suggest deeper underlying issues .

[BlueKelah]

Yah doesn't instill that much confidence as a financial hub. Other than a loss of face, doesn't impact us value investors I guess

Sent from my MotoG3 using Tapatalk

[money]

Spoils our reputuation lah

[tanjm]

Maybe MAS shd ask experts to review SGX IT system n their maintenance. If a system has issues from time to time, it suggest deeper underlying issues .

All systems have software issues. That is the nature of the beast.

Check out NYSE : https://www.nyse.com/market-status/history#110000026622

[tanjm]

Singaporeans are weirdly unrealistic. Trains must 100% run on time, parking charges must never increase, budget airlines cannot postpone flights, buses must always have seats, must have pay increase every year as an entitlement, but don't expect your kopi tiam/hawker to increase prices, want your kids to go into top schools but scream that our system is too competitive.....

8-)

[sgpunter]

I do not think it is weirdly unrealistic to criticize an Exchange that is aiming to be World Class yet experiences three system issues in 15 months.

I am sure the salaries paid at SGX is comparable to most of the other major stock exchanges so it is fair for the investing community to expect a high level of service quality as well.

[tanjm]

I do not think it is weirdly unrealistic to criticize an Exchange that is aiming to be World Class yet experiences three system issues in 15 months.

I am sure the salaries paid at SGX is comparable to most of the other major stock exchanges so it is fair for the investing community to expect a high level of service quality as well.

3 issues in 15 months may be too much or may be quite good or may be about par with other exchanges. In this case, if you want to criticize reliability, you need to compare with other exchanges or examine SGX's contraints and trading suspension policy.

(1) there is no such thing as "perfect software" or "perfect infrastructure". All software/infra fails. Obviously, if you are bigger and have more money, you can throw money at the problem (e.g. having an entire parallel exchange for testing purposes) to try to reduce the frequency.

(2) statistics can also be biased by reporting. For example, NYSE appears to be remarkably transparent : https://www.nyse.com/market-status/history. If you looked at the list of issues to report, you might have the impression that they have reliability issues quite often. In reality, most people probably don't notice anything.

In this case, it looks like SGX suspended order matching because they detected anomalies in the order flow. I'm not sure if there was any actual negative event that occurred - this might have been a precautionary stop. The delay in re-opening appears to be in the participating brokers in reconciling orders vs executions (i.e. a sanity check).

Finally, it is debatable whether an event like this "tarnishes" SGX reputation or has a material economic impact. The declining volumes at SGX over the last several years is almost definitely due to other factors. As value investors, this qualifies as a non-event entirely unless you are a SGX investor.

[brattzz]

chill folks, it's just a non-safety haircrack of the sgx trading servers,
no need to alarm the whole country, tonite shipping some servers back to oem for stripping and replacement...

"the cracks were a routine matter that had been “mis-spun into a controversy”, and reiterated the authorities’ assurance that the defects did not pose a safety concern.
Had the hairline cracks found compromised safety or service availability"

darn!

*just joking, dun flame me pls!*