Singapore Exchange (SGX) is proposing for an all-day continuous trading system by cancelling the 90-minute lunch break. Currently, the Singapore market operates from 9am to 12.30am and then 2pm to 5pm.
This was first brought up a few months ago by SGX and I think it looks set to become a reality. This would enable investors to trade international securities which are listed in SGX. Also, they can keep up to date on latest happenings in the financial world.
Many markets around the world like NASDAQ, Germany and London all practise continuous trading. Singapore together with Malaysia and a few others are the few Asia-Pacific countries that still have lunch breaks.
But this might not be good news to brokers. They may have to sarcrifice their lunchtime to work since every second counts in the market.
Anyway, I don't think this change (if it happens) will make much of an impact on Singapore's stock market.
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