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Asia Markets
Singapore Exchange Delays Trading Start
From the Wall Street Journal of Tue, 02 Dec 2014 18:55:12 EST

SINGAPORE— Singapore Exchange Ltd. Wednesday delayed start of trading by over three hours to enable member firms to reconcile client positions and correct any errors after a software glitch on Dec. 1.

The securities market will start continuous trading at 12:30 p.m., with the pre-open routine at noon, Singapore Exchange said in an early morning statement.

The market will remain open till 5 p.m. and close as per normal. The problem was caused by a software defect that has since been rectified, Singapore Exchange said.

The bourse operator didn’t give details about the defect but this was the third time this year that its systems have suffered technical problems, unnerving customers.

A technical glitch had halted trading on Singapore Exchange for over two hours on Nov. 5. The exchange is suffering declining trading volumes this year and has been upgrading software to attract customers after the Stock Exchange of Thailand overtook it by securities trading volume in recent months.

Write to Gaurav Raghuvanshi at gaurav.raghuvanshi@wsj.com



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