The Monetary Authority of Singapore has confirmed it is monitoring the Singapore Exchange (SGX) after all trading came to a halt on Thursday because of technical issues.
SGX suspended trading at 11:38am local time because it said that duplicate trade confirmations were being generated by its systems. No duplicate trades were executed, according to the exchange.
Originally, SGX had suggested that trading would recommence at 2pm and then 4pm, but the exchange did not reopen.
In a statement released through social media, an SGX spokesman confirmed that orders and trade executions are accurate and stated that trading would begin as normal on Friday 15 July.
He said: “We would like to inform that the securities market will not resume trading at 1600 hours and will not re-open today. We apologise for any inconvenience caused. No duplicate trades were executed and the market remained orderly.”
Traders have been informed that orders placed will be matched when the market reopens and participants have been advised to check the status of orders with brokers. Orders can be added, removed or amended while the market remains closed.
In a statement, the Monetary Authority of Singapore, said: “We understand that SGX is currently working with affected members to rectify the issue. MAS is monitoring the situation closely.”
The technical difficulties come on the same day as the one-year work anniversary of SGX’s chief executive officer Loh Boon Chye.