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Singapore to consider giving traders lunch break back

Bloomberg Published on Mon, Feb 27, 2017 / 5:35 PM GMT+8

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SINGAPORE (Feb 27): Singapore stock traders may finally get their lunch break back.

Singapore Exchange, which runs the city’s equity market, is considering reinstating the midday intermission, according to people familiar with the matter. SGX in March 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. The proposals come after traders and SGX officials had several meetings since Loh Boon Chye became chief executive officer in July 2015, the people said.