3-hour delay in SGX derivatives trade due to glitch

3-hour delay in SGX derivatives trade due to glitch

SINGAPORE - A technical glitch caused the derivatives trading market of the Singapore Exchange (SGX) to open nearly three hours late Tuesday morning.

The market - which SGX says offers Asia's broadest range of derivatives, including contracts linked to markets in Japan, India and Taiwan - normally opens at 8am on weekdays.

On Tuesday, it opened at 10.45am instead, resulting in lost opportunities for traders to buy and sell derivative contracts such as futures and options.

At about 8.30am on Tuesday, the SGX said in a statement that its derivatives market was "experiencing technical issues" and that opening would be delayed.

Just short of 11am, the SGX issued another statement saying that the problem had been resolved, and that the market had opened for trading at 10.45am.

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