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Singapore Exchange reveals cause of trading outage

SGX promises to boost technology investment to prevent a repeat of disruption

Singapore Exchange said Wednesday it would invest 20 million Singapore dollars (US$14.9 million) in its technology infrastructure and apologised for a power outage late last year that halted trading in its securities and derivatives markets for more than two hours.

The exchange also said it would contribute S$1 million to an investor education fund and freeze any increases to securities and derivatives markets fees until Singapore's central bank was satisfied the exchange operator had met all its obligations.

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