<TABLE border=0 cellSpacing=0 cellPadding=0 width=452><TBODY><TR><TD vAlign=top width=452 colSpan=2>Published September 17, 2009
</TD></TR><TR><TD vAlign=top width=452 colSpan=2>Fire disrupts operations of SGX clearing member
By CHEW XIANG
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A SMALL fire on the 18th floor of 63, Market Street affected a clearing member of the Singapore Exchange, disrupting trading of contracts yesterday.
Fortis Clearing, a clearing member of the SGX which has its offices on the 18th floor, saw its operations affected through the day, causing a slowdown in market activity, sources said.
A Singapore Civil Defence Force spokeswoman told BT a minor fire in the electrical wiring of a switchboard broke out at 7.13 am in an office on the 18th floor of 63, Market Street. The fire was quickly put out by sprinklers and no-one was injured, she said. One source said the fire started in a server room.
Among those affected was said to be Flow Traders Asia, a market maker in extended settlement contracts also situated on the 18th floor of the building.
This disrupted trading in those contracts throughout the day, a source said. Bloomberg data showed zero quotes for many ES contracts yesterday.
ES contracts - essentially an exchange-traded futures contract on a single stock - were launched only in March and are said to have seen strong demand since. There are 66 listed ES contracts for stocks such as Allgreen, DBS, Neptune Orient Lines and Tat Hong.
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</TD></TR><TR><TD vAlign=top width=452 colSpan=2>Fire disrupts operations of SGX clearing member
By CHEW XIANG
<TABLE class=storyLinks border=0 cellSpacing=4 cellPadding=1 width=136 align=right><TBODY><TR class=font10><TD width=20 align=right>
</TD><TD>Email this article</TD></TR><TR class=font10><TD width=20 align=right>
</TD><TD>Print article </TD></TR><TR class=font10><TD width=20 align=right>
</TD><TD>Feedback</TD></TR></TBODY></TABLE>A SMALL fire on the 18th floor of 63, Market Street affected a clearing member of the Singapore Exchange, disrupting trading of contracts yesterday.
Fortis Clearing, a clearing member of the SGX which has its offices on the 18th floor, saw its operations affected through the day, causing a slowdown in market activity, sources said.
A Singapore Civil Defence Force spokeswoman told BT a minor fire in the electrical wiring of a switchboard broke out at 7.13 am in an office on the 18th floor of 63, Market Street. The fire was quickly put out by sprinklers and no-one was injured, she said. One source said the fire started in a server room.
Among those affected was said to be Flow Traders Asia, a market maker in extended settlement contracts also situated on the 18th floor of the building.
This disrupted trading in those contracts throughout the day, a source said. Bloomberg data showed zero quotes for many ES contracts yesterday.
ES contracts - essentially an exchange-traded futures contract on a single stock - were launched only in March and are said to have seen strong demand since. There are 66 listed ES contracts for stocks such as Allgreen, DBS, Neptune Orient Lines and Tat Hong.
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