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. could also boost volume by as much as 10 percent, Bocker said.
Link: Singapore to Consider Giving Traders Their Lunch Break Back
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