India Top Bourse Says High-Speed Traders' Activity Has Dropped
'The drop in activity is quite noticeable among the high-frequency traders, who are in wait-and-watch mode,' Sriram Krishnan, chief business development officer at the National Stock Exchange of India Ltd. said in a post-earnings conference call. Some large onshore trading firms are 'withholding their expansion plans' due to lack of clarity on regulations around derivatives and global uncertainties, he said.
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The disruption began at the start of service, with SMRT issuing updates through in-train announcements and social media. Engineers were dispatched to fix the issue, while the rest of the East-West Line continued operating normally. SMRT Trains President Lam Sheau Kai issued an apology, acknowledging the inconvenience caused to morning commuters. The operator also encouraged affected passengers to download e-Travel chits as proof of delay. Senior Minister Lee Hsien Loong has received the Honorary Companion of the Order of Australia, the country's highest civilian honour, for his pivotal role in advancing bilateral ties. The award was presented during an investiture ceremony hosted by the Australian High Commissioner. The citation highlighted SM Lee's leadership in forging trade, defence and strategic partnerships. Under his watch, Singapore and Australia signed multiple agreements, including the Digital Economy and Green Economy pacts, and deepened military cooperation through the Five Power Defence Arrangements. SM Lee reflected on Australia's early recognition of Singapore's independence and its enduring support. He noted that the two nations, despite their differences, share a pragmatic worldview and commitment to multilateralism. The ceremony was attended by Mrs Lee, government officials, and members of the Singapore-Australia Parliamentary Friendship Group. SM Lee expressed confidence that the relationship will continue to flourish under Prime Minister Lawrence Wong's upcoming visit. 'His statesmanship cemented Australia as a natural partner for Singapore,' officials noted during the ceremony. This award follows similar recognition given to former leaders like Goh Chok Tong and George Yeo, underscoring Singapore's longstanding diplomatic rapport with Australia. Singapore's East-West MRT Line faced a major hiccup on Wednesday (6 August), as a point machine fault near Jurong East station triggered delays of up to 25 minutes. The fault, which affects train switching at junctions, forced trains to slow down for safety. SMRT responded swiftly, deploying free regular and bridging bus services between Boon Lay and Buona Vista. Commuters heading to Jurong East were advised to reroute via Woodlands and Bishan stations using the Thomson-East Coast and Circle Lines. The disruption began at the start of service, with SMRT issuing updates through in-train announcements and social media. Engineers were dispatched to fix the issue, while the rest of the East-West Line continued operating normally. SMRT Trains President Lam Sheau Kai issued an apology, acknowledging the inconvenience caused to morning commuters. The operator also encouraged affected passengers to download e-Travel chits as proof of delay.
