SGX had to suspend trading for the fifth time in two years, which caused frustration among some traders and investors, raising concerns about the market’s reputation.
In comments to Marketing Magazine, Lawrence Chong, CEO of Consulus, said that as a stock exchange of an international financial centre, this is unacceptable and MAS (Monetary Authority of Singapore) has already in the past made its point very clear to SGX.
“In short, technical glitches cause seismic damage to the SGX brand because an exchange must be able to ensure that trades will get done on time and things will work. Furthermore, with the government’s push into the Smart Nation and Fintech initiatives, this is just embarrassing,” he said.
Read the full article on Marketing Magazine here.