SIAS Reaction to SGX software glitch

Date: December 3, 2014

It is not good for the confidence in the market as it appears to be happening one too many times. Investors are in a quandary. SGX needs to address this problem urgently to avoid a recurrence, especially in this period of low market volume. There has been much investment on the trading system and one should, therefore, be confident of not expecting frequent computer glitches.

David Gerald
President & CEO
Securities Investors Association (Singapore)