Petition to remove Magnus Bocker as the CEO of SGX due to his mismanagement.

Hello Kitty
Anonymous 358 Comments
545 Signatures Goal: 500

We demand that Mr Magnus Bocker, CEO of SGX, step down from his post immediately.

Since taking over the helm from Mr Hsieh Fu Hua, Bocker has not been focused on building the capital markets. Instead, he has been putting in a lot of effort to build the derivative and commodities market to enhance the profits. This is almost similar to when SMRT decided to focus on developing their retail income to enhance profits and forgetting their role to provide a safe and reliable public transport system.

The breakdown of the SGX trading system yesterday for almost three hours is almost similar to the massive train disruption we experienced just a while ago. Given that hundreds of millions have been spent on the system since Bocker became CEO, such a breakdown should not happen.

Singapore investors are suffering from lower liquidity and Singapore Listcos are suffering from difficulty to raise funds from the market. Wealth is being eroded since Bocker took the helm and yet Bocker continues to deny this fact and blame the market from what was said in the Edge magazine. Last time about 5 to 10 years ago, we could make a decent living from the market. But recently our commissions barely hit one or two thousand each month. And that is not because we have not been working hard.

I do not understand how Bocker can blame it on the market! US market has been hitting new highs; SGX is not! Even Thailand, Malaysia and Indonesia are enjoying a boom in trading.

The Business Times has already reported that stock brokers are suffering and thousands have left the market. It is time for Magnus Bocker to take responsibility and step down. Sign this petition and support this call.

Take responsibility and step down Mr Magnus Bocker!

1

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November 5
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  • Paul Chen
    Feb 06, 2015
    Feb 06, 2015
    The things he do are really irrelevant. Doing things to gain political points but totally irrelevant to the markets; like bring Lonza, Cutting to 100 lots, Cutting lunch hours etc. He don't understand the markets.
  • Loke Kong
    Jan 08, 2015
    Jan 08, 2015
    What contributions has he made to warrant his high pay? Hope he could enlighten me.
  • tan kok thye
    Jan 02, 2015
    Jan 02, 2015
    The Singapore Goons Market has been in a very sorry state so unlike the nation property market. A basic knowledge of economics suggests idle wealth should be ploughed into listed companies to create jobs and expand business. Retail investors buy stocks to hold and sell lower and lower when they need funds. So one can say investing in SINpore stocks have a much higher chance of losing than gambling in a casino.
  • In Denial
    Dec 05, 2014
    Dec 05, 2014
    The top trading volumes are super pennies. They also lose money. And the shares exist for less than a fraction of cents. Trading is erratic. There are so many warnings of Trade with caution. When prices are up there is query and when prices crash to the pits, there is no query. What kind of regulatory system does SGX have? All the exchanges are heading higher and doing well. The moment you buy, you worry that it will go even lower.
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545

Signatures

  • 2 years ago
    Billy Ham Hong Kong
    2 years ago
  • 2 years ago
    Billy Ham
    2 years ago
  • 3 years ago
    Paul Chen
    3 years ago
  • 3 years ago
    Loke Kong Singapore
    3 years ago
  • 3 years ago
    tan kok thye
    3 years ago
  • 3 years ago
    In Denial
    3 years ago
  • 3 years ago
    Peter
    3 years ago
  • 3 years ago
    trader
    3 years ago
  • 3 years ago
    Gary Tan
    3 years ago
  • 3 years ago
    Leslie Tan
    3 years ago
  • 3 years ago
    Maree Singapore
    3 years ago
  • 3 years ago
    Maree Singapore
    3 years ago
  • 3 years ago
    Fiona
    3 years ago
  • 3 years ago
    May
    3 years ago
  • 3 years ago
    Edmund Lew Singapore
    3 years ago
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