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(05-11-2014, 05:05 PM)funman168 Wrote: Really shld wake up there idea, come out w crappy plans to kill off all the liquidity. Now platform become unstable due to add on their useless initiative!
This is the problem of constant practice of no accountability. Let's move on .
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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The Ministry of Finance and MAS should re-examine what they mentioned in the consultation paper "Review of Securities Market Structure and Practices" in Feb 2014:
"1.3 In addition, MAS and SGX reviewed SGX’s self-regulatory function
over the past year. The review concluded that there are sufficient measures in place to manage potential areas of conflicts. This was recognised in the November 2013 IMF report, which noted that “self-regulation by exchanges remains an integral part of the regulatory framework and is subject to effective supervision."
SGX should have an independent regulatory body to police the efficiency of its operations similar to LTA to monitoring the operations of ComfortDelgro and SMRT.
This is not the first time that SGX has experienced a breakdown and it is not as though its systems were overloaded given the current pathetic trading volumes.
Repeated trading breakdowns harm the reputation of Singapore as a financial centre and SGX should be fined heavily by an independent regulatory body should a breakdown occur again.
Would it be wrong to assume that SGX might have been cutting back on IT maintenance and other operational costs to offset the pressure from slowing revenue growth (similar to SMRT not spending sufficiently on maintenance)?
SGX's website has also experienced repeated downtime due to heavy traffic.
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(05-11-2014, 07:15 PM)Gallen Wrote: The Ministry of Finance and MAS should re-examine what they mentioned in the consultation paper "Review of Securities Market Structure and Practices" in Feb 2014:
"1.3 In addition, MAS and SGX reviewed SGX’s self-regulatory function
over the past year. The review concluded that there are sufficient measures in place to manage potential areas of conflicts. This was recognised in the November 2013 IMF report, which noted that “self-regulation by exchanges remains an integral part of the regulatory framework and is subject to effective supervision."
SGX should have an independent regulatory body to police the efficiency of its operations similar to LTA to monitoring the operations of ComfortDelgro and SMRT.
This is not the first time that SGX has experienced a breakdown and it is not as though its systems were overloaded given the current pathetic trading volumes.
Repeated trading breakdowns harm the reputation of Singapore as a financial centre and SGX should be fined heavily by an independent regulatory body should a breakdown occur again.
Would it be wrong to assume that SGX might have been cutting back on IT maintenance and other operational costs to offset the pressure from slowing revenue growth (similar to SMRT not spending sufficiently on maintenance)?
SGX's website has also experienced repeated downtime due to heavy traffic.
It is a monopoly entity. Investors here who want to invest through SGX , need them more than they need the investors. This explains why they can afford to be slow learner.
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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The outage is serious indeed, and wonder the reason behind. So far no announcement on the cause yet, as far as I can search.
Latest update from CNA, was around 730pm.
http://www.channelnewsasia.com/news/busi...54644.html
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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(05-11-2014, 08:40 PM)CityFarmer Wrote: The outage is serious indeed, and wonder the reason behind. So far no announcement on the cause yet, as far as I can search.
Latest update from CNA, was around 730pm.
http://www.channelnewsasia.com/news/busi...54644.html
SGX announcement on the outage, around 820pm today. The reason is malfunction in power supply(?). I was anticipating a reason of cyber-attack.
A mission-critical system outage due to power supply failure, isn't an reasonable excuse...
http://infopub.sgx.com/FileOpen/20141105...eID=323055
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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(05-11-2014, 09:11 PM)Gallen Wrote: (05-11-2014, 08:26 PM)cfa Wrote: It is a monopoly entity. Investors here who want to invest through SGX , need them more than they need the investors. This explains why they can afford to be slow learner.
Precisely why they need a kick up their backside 
Yes, I reckon the best way is not to invest in SGX. There are many "real world-class" stock exchanges available elsewhere.
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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05-11-2014, 10:20 PM
(This post was last modified: 05-11-2014, 10:21 PM by greengiraffe.)
The issue here is no longer about the commission.
In my opinion, SGX should change their address to Lor Halus...
i) mostly junks are floated - sellers of floaters win at the expense of buyers - POSH, Japfa...
ii) even when there are quality counters that are winners such as Talkmed, Starbursts etc... retail allocation is either zero or negligible.
iii) no lunch hours to increase buzz and treat humans like robots
iv) more rubbish and higher risks companies being floated like E&P
v) protracted investigation on decimated Msian Trios since Sept/Oct last year
Dunno How Much Rubbish is to come
Odd Lots
Disgraced Holder
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