SGX to consider reinstating midday intermission

In 2011, it scrapped the break in an effort to boost trading.

According to a report from Bloomberg, Singapore Exchange Ltd., which runs the city’s equity market, is considering reinstating the midday intermission. 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.

When SGX cut the midday break, then-Chief Executive Officer Magnus Bocker said in January 2011 the move would make Singapore “one of the most accessible markets in Asia and in the world.” Having continuous trading from 9 a.m. to 5 p.m. could also boost volume by as much as 10 percent, Bocker said.

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