Sunday, September 16, 2007

My Little Boy

Some belated pictures of my little monster. How much he has grown ever since we've got him. Still very much a darling as ever.

Wednesday, September 05, 2007

Singapore bourse again hit by technical problems

05-09-2007 10:36:19

SINGAPORE, Sept 5 (Reuters) - Singapore's stock market suffered its second technical glitch in less than month on Wednesday when the reading of its blue-chip Straits Times Index <.STI> did not accurately reflect actual moves in share prices.

The latest problems at Singapore Exchange , Asia's third-largest bourse, come after Singapore traders had reported technical problems such as delays in prices and trade executions on Aug. 17, a day of particularly heavy trading and share price volatility. "The STI Index computation may not reflect fully the movement in its components. Market participants are advised not to rely on the figure until further notice," the exchange operator said in a statement. "Market makers for structured warrants on STI Index may not be quoting prices on those issues," it added.

Dealers had noted the disparity between gains in index heavyweights such as SingTel , Singapore's biggest listed firm, and the index gain of less than half a percent after market open on Wednesday at 9 a.m. (0100 GMT). Bank stocks, which carry a weighting of 30 percent in the index, were also higher with DBS Group Holdings up 2.5 percent, United Overseas Bank 1.5 percent stronger, and OCBC 1.2 percent higher. "The STI should be up much more than that -- the banks are up so much," a trader at a local stock broker said. SGX in February halted its derivatives trading system for several hours after it encountered technical problems. Since then there have been a few other incidents. In March, traders had problems accessing its ageing Singapore Exchange Securities Order Processing System, or Sesops.
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