Singapore Exchange Limited (“SGX”) has suspended Lehman Brothers Pte Ltd (“LBPL”) from taking on new securities and derivatives positions with effect today.
SGX is facilitating the orderly transfer of customers’ derivatives positions from LBPL to other brokers. At present, LBPL is meeting their financial obligations to SGX’s securities and derivatives clearing houses.
SGX will continue to monitor the situation and maintain the orderly function of the markets.
