SGX stoppage inquiry takes step forward

Singapore

THE inquest into the trading breakdown at the Singapore Exchange (SGX) earlier in November has taken a step further, with the terms of reference set for the board committee of inquiry (BCOI), SGX said on Thursday.

The BCOI has been tasked to oversee investigations into the facts and circumstances leading to the breakdown on Nov 5, review the findings of the investigations, SGX's decision making process, incident management and responses, and communications with market participants and the general public. It will also recommend appropriate improvements to prevent recurrence and to enhance processes in crisis management, SGX said.