Arab Today, arab today singapore investment giant launches inquiry arm for power malfunction case
Last Updated : GMT 02:22:56
Arab Today, arab today
Arab Today, arab today

Singapore investment giant launches inquiry arm for power malfunction case

Arab Today, arab today

Arab Today, arab today Singapore investment giant launches inquiry arm for power malfunction case

President of Singapore,Dr Tony Tan
Singabore - Xinhua

Singapore Exchange (SGX) has set up a board of inquiry to investigate the power supply system malfunction which led to a three-hour trade halt in its securities market on Wednesday afternoon, local media reported on Sunday, citing Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam.
Tharman made the remarks while speaking after touring the Community Health Day at SATA CommHealth Jurong East Medical Centre, Channel NewsAsia reported.
The official said SGX has appointed independent experts to look into several matters, including power supply and recovery processes.
The service disruption on Wednesday, which saw the trading system of the bourse paralyzed for over two hours, was triggered by a momentary fluctuation in power supply. This caused the UPS systems to switch to its internal power source.
The service disruption hit at 2:18 p.m. local time as the hardware that provides connectivity to traders was derailed by power supply issues.
The stock trading eventually resumed at 5:15 p.m. and closed at 5:45 p.m., which normally closes at 5 p.m.
This was the first time SGX's UPS systems malfunctioned, SGX president Muthukrishnan Ramaswami said on Thursday.
Talking about the incident, Tharman stressed that it "does not help" Singapore's reputation as a financial hub. Although there have been similar incidents in other markets, Tharman made it clear that such incident was not allowed to have occurred.
"It doesn't matter what happens overseas," He said, "we've got to get it right here."

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today singapore investment giant launches inquiry arm for power malfunction case Arab Today, arab today singapore investment giant launches inquiry arm for power malfunction case

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today singapore investment giant launches inquiry arm for power malfunction case Arab Today, arab today singapore investment giant launches inquiry arm for power malfunction case

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday