SGX blames faulty disk for outage; to add data monitoring tests in future

SINGAPORE (July 19): The lengthy response time to July 14’s trading outage has affected SGX’s reputation, the president of the Singapore Exchange (SGX) acknowledged.

“It’s something that we need to now grapple with. It’s a complex equation we have to work through, and the only way is to practice,” Muthukrishnan Ramaswami told The Edge separately during a press briefing today.

Ramaswami also said that the bourse plans to include data reconciliation measures in future simulated market disruption tests.

---

Related Stories

• Banks in Singapore can withstand multiple shocks: MAS
• Changes in ICR, leverage to come into effect immediately, with additional disclosures in March
• That's what friends are for

---