Singapore Exchange Slammed for Trading Disruptions

The transcript discusses the challenges faced by SGX, including recent incidents like power outages and trading halts, which have led to a loss of investor confidence. The CEO, Magnus Parker, has taken responsibility and is reviewing processes to prevent future issues. The errors have impacted trading volumes, which are already lower than the previous year. Efforts are being made to restore investor confidence after a series of unfortunate events, including a significant penny stock slump.

What was one of the main reasons for investor dissatisfaction with SGX?

• Lack of new stock listings

• Frequent power outages

• High trading fees

• Unacceptable delays in trading

What action did the CEO of SGX promise to take following the disruptions?

• Increase trading hours

• Reduce trading fees

• Review all processes to prevent recurrence

• Launch a new trading platform

What was believed to have caused the recent software error at SGX?

• A cyber attack

• Programming changes over the weekend

• A hardware malfunction

• Human error during trading

How much lower was the average value of stocks traded this year compared to last year?

• 10% lower

• 15% lower

• 25% lower

• 30% lower

What previous market incident is mentioned as part of Singapore's efforts to restore investor confidence?

• A real estate market crash

• A penny stock slump

• A major IPO failure

• A currency devaluation