As part of its wider technology upgrade programme, the Singapore Exchange (SGX) is currently increasing the capacity of its internet-based electronic corporate announcements platform, SGXNet. The exchange indicates that the upgrade is to account for current and future increases in the volume of corporate announcements and is scheduled to be completed in the third quarter of this year.
According to SGX, the number of these announcements on the platform has doubled over the last three years and the exchange provider has been forced to increase the capacity on an ad hoc basis over the last few months. The end of April will, for example, witness a slew of announcements as a result of firms’ annual general meeting (AGM) resolutions.
