Shares & Derivatives
Is SGX the New SMRT?
By Invest Openly  •  December 4, 2014
Disruption! Disruption! Disruption! Yes! I am talking about service disruption. if you have not already know, SGX experienced the second major service disruption within a month (their trading platform was down for the whole morning yesterday). Just a couple of months ago, we are experiencing the similar glitches in our used-to-be reliable public transport system (SMRT) - train down/delay is common scenarios. So, it is Deja-vu but in the financial industry. Of course, for the case of SMRT, there are still alternatives (i.e. buses or cabs) but for the case of SGX, it means complete DOWN and the loss/consequences (in monetary terms) is much more massive. Even though personally I am not greatly affected by both glitches but it just shows how "unreliable" we can be when come to technology/technical systems. Hence, never take thing for granted and always expect the unexpected. Our Central Bank, MAS has already step in and ......
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By Invest Openly
My name is Richard Ng and I am a Malaysian turned Singaporean. This is a personal blog of mine detailing my venture in Share Investment Project. All the details in this blog are from my real venture (as it happens) and all amount quoted are in SGD (Singapore Dollars), unless otherwise stated.
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