SINGAPORE (Sept 6): Singapore Exchange (SGX) has formed a securities industry working group (IWG) to make recommendations to the exchange and industry participants on processes to improve the Singapore securities market’s operational resilience.

The IWG will be chaired by Ho Tian Yee, who is a board member of DBS Group Holdings and Chairman of Fullerton Fund Management Co. In addition to SGX management, the other 12 members include local and international management of SGX’s securities market, representatives from the investment community, independent experts and software vendors.

In making their recommendations, the IWG will take into consideration the findings from feedback garnered from members and participants as well as SGX’s own investigations following the following the July 14 market disruption.

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