Economy

Demeter

(85,373 posts)

28. Singapore Exchange says trade glitch caused by 'ridiculous' power supply problem NOV. 5

Wed Nov 19, 2014, 07:22 AM

Nov 2014

http://www.reuters.com/article/2014/11/06/sgxtrading-suspension-idUSL4N0SW4HG20141106

Singapore Exchange Ltd said an outage on its equity and derivatives market that lasted for hours on Wednesday was caused by what its president called a "ridiculous"-sounding failure in a power supply system designed to be uninterruptible.

SGX said on Thursday the shutdown was caused by a momentary fluctuation in power supply from substations that power its data centre. That fluctuation caused its power system to switch to a back-up internal power source which then also malfunctioned, shutting SGX's equity market for three hours while its derivatives market was out for nearly five.

"It sounds ridiculous to have a back-up of a back-up of a back-up that fails, it's not normal," Muthukrishnan Ramaswami, president of SGX, told reporters at a briefing...

WELCOME TO THE NEW NORMAL

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