SINGAPORE (July 15): The Singapore Exchange (SGX) will waive buy-in penalties for short sellers following Thursday’s outage of its securities platform, CEO of SGX Loh Boon Chye said during a conference call on Friday.

He added that the disruption, which caused trading to cease at 11.38am on Thursday, was triggered by hardware issues found in its systems provided by Nasdaq.

In response to a question from The Edge Markets whether the reasons behind the delay in resuming trade were similar to the glitches faced in 2014, Loh only said that the factors behind yesterday’s disruption are separate from those two years ago.

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