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"It’s a relief that we managed to get our lunch breaks back"

Posted by: Admin | Posted on: November 13th, 2017 | 0 Comments

It proposed bringing back a midday break in March, following feedback that market participants preferred shorter trading hours.

The hour-long break starting at noon allows the exchange to retain significant overlap with key markets in Asia and coincides with the generally lower trading activity of the day, it has said.

“It’s a relief that we managed to get our lunch breaks back,” 36-year-old commission-based equity trader at CIMB Securities Singapore Pte Ernest Lim told Bloomberg.

“In our high-pressure jobs, it does us – especially the more active and hardworking remisiers – and our clients good if we can eat in peace and reinvigorate ourselves.”

More than 40 respondents participated in the public consultation over the exchange’s proposed changes, which also included increasing the minimum bid size, and the feedback was “largely supportive”.

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