24 Feb '17, 9am

Singapore to Consider Giving Traders Their Lunch Break Back

Singapore stock traders may finally get their lunch break back. Singapore Exchange Ltd. , which runs the city’s equity market, is considering reinstating the midday intermission, according to people familiar with the matter. SGX in 2011 scrapped the break, which lasted from 12:30 p.m. to 2 p.m. every day, in an effort to boost trading. The bourse is expected to have a public consultation on the issue in the coming weeks, the people said, asking not to be identified as the information is private. SGX will also propose a test that would widen the price increment at which shares are quoted to bring day traders back, according to the people. When SGX cut the midday break, then-Chief Executive Officer Magnus Bocker said in January 2011 the move would make Singapore “one of the most accessible markets in Asia and in the world.” Having continuous trading from 9 a.m. to 5 p.m. cou...

Full article: https://www.bloomberg.com/news/articles/2017-02-24/singap...

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