Singapore Exchange to adopt circuit breakers by early 2014: update

[CityFarmer]

“亡羊补牢，为时未晚” - (It is never too late to mend). The circuit breaker was reviewed quite some time ago IIRC.

Singapore Exchange to adopt circuit breakers by early 2014: update

Singapore Exchange, Southeast Asia’s biggest bourse, plans to add circuit breakers by early next year after a plunge in shares of three commodity companies erased $6.9 billion ($8.6 billion) in market value over three days.

Under the proposal, trading of a stock will be halted for 5 minutes if it moves 10% in either direction, the exchange said in an e-mailed response to queries. The bourse said it sought public feedback on the plan in June.

“We aim to introduce the dynamic circuit breakers by early next year subject to regulatory approvals,” Joan Lew, a spokeswoman for the exchange, said in the statement yesterday.
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http://www.theedgesingapore.com/the-dail...pdate.html

[arthur]

Personal Observation:

Things that will benefit the good of public - slow as snail, eg. MRT platform screen doors, handicapped accessibility for public transport and now the SGX circuit breakers.

Things that will benefit the coffers of the government - First in the world to implement, all innovation and cost will be paid for without hesitation, eg. COE, ERP, and soon ERP satellite system.