Independent experts appointed to help SGX board probe market disruption

SINGAPORE - The committee of inquiry looking into a major trading disruption on the Singapore Exchange (SGX) on Nov 5 has confirmed the appointment of independent experts to assist it in its investigations.

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Here is the statement posted by SGX on its website:

SGX Board Committee of Inquiry appoints independent experts

The SGX Board Committee of Inquiry ("BCOI") has confirmed the appointment of the independent experts to assist the BCOI in its investigations into the 5 November 2014 breakdown, including the review of SGX's technical, operational management and communications issues.

Work by these independent experts commenced in December 2014 and they will submit their findings and recommendations subsequently to the BCOI.

In view of the comprehensive nature of the review, the BCOI expects to submit its report to the SGX Board and the Monetary Authority of Singapore by end March 2015.