Singapore Exchange 03 (Feb 11 - Dec 24)

Singapore Exchange 03 (Feb 11 - Dec 24)

Postby winston » Wed Feb 02, 2011 9:13 am

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SINGAPORE EXCHANGE Four Southeast Asia exchanges, Singapore Exchange , the Philippine Stock Exchange, Bursa Malaysia and the Stock Exchange of Thailand said the design study of the technology framework for the ASEAN trading link has been completed.

The link that will allow cross-border trading is expected to go live towards the end of 2011.

Source: Reuters
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Re: Singapore Exchange 03 (Feb 11 - Dec 11)

Postby winston » Tue Feb 15, 2011 2:15 pm

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SGX down 1.6 pct after revised merger deal

SINGAPORE, Feb 15 (Reuters) - Shares of Singapore Exchange , Asia's second-largest listed bourse, fell as much as 1.6 percent after they were lifted from a trading halt following an announcement on Tuesday that it had made changes to its merger deal with Australian bourse operator ASX Ltd .

At 0605 GMT, SGX shares were 1 percent lower at S$8.27, with 641,000 shares traded.

ASX and SGX will each have an equal number of directors in a merged group, after renegotiating their $7.9 billion deal to help win support from Australian politicians.

Both exchanges are expected to submit their revised tie-up proposal with Australia's Foreign Investment Review Board (FIRB) in the "next few weeks," SGX chief executive Magnus Bocker told reporters Tuesday.


Source: Reuters
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Re: Singapore Exchange 03 (Feb 11 - Dec 11)

Postby kennynah » Tue Feb 15, 2011 6:17 pm

NYSE in late stage talks with German Borse...

Nasdaq looking to merge with another exchange...

looks like size does matter :D
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Re: Singapore Exchange 03 (Feb 11 - Dec 11)

Postby trendlines » Wed Feb 16, 2011 1:04 am

Singapore Exchange: Decision Time

SGX has been drifting in a range since the merger-euporia-rally, and the high volume fall. From the arithmetic chart below, it is evident that a move eitherways in required. Currently sitting on previous support of $8.25 and the rising trendline, with the 200-day MA not far below, chances of a bounce here outweigh a decline - by a bit. I may go long here, with a suitable stop.

Upside targets: $8.70 initially, followed by $9.20
Downside support: 200-day MA initially, followed by $7.70

Remaining bearish on the long-term picture as well as the merger. All the best!
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Re: Singapore Exchange 03 (Feb 11 - Dec 11)

Postby kennynah » Wed Feb 16, 2011 1:13 am

still haven't merged yet ah.... happening or not?
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Re: Singapore Exchange 03 (Feb 11 - Dec 11)

Postby Musicwhiz » Wed Feb 16, 2011 10:01 am

Pretty soon in the world we will just have 3 Exchanges. They will be called "Asian", "American" and "Europe". :lol:
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Re: Singapore Exchange 03 (Feb 11 - Dec 11)

Postby LenaHuat » Wed Feb 16, 2011 1:15 pm

I find this blog thought-provoking :-
Wall St's Dead End
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Re: Singapore Exchange 03 (Feb 11 - Dec 11)

Postby winston » Wed Feb 16, 2011 3:27 pm

SGX to increase number of ADRs traded in Singapore

SINGAPORE Feb 16 (Reuters) - Singapore Exchange said on Wednesday it was expanding its American Depositary Receipts (ADRs) programme by adding new companies and partnering a second depositary bank.

The exchange said the new ADRs that will be traded in Singapore are China's Focus Media and JA Solar and South Korea's POSCO .

"They will trade on SGX from this quarter, joining 19 other ADRs from Chinese companies which debuted on GlobalQuote in October 2010," SGX said in a statement.

http://www.reuters.com/article/2011/02/ ... 8Z20110216
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Re: Singapore Exchange 03 (Feb 11 - Dec 11)

Postby kennynah » Thu Feb 17, 2011 5:41 am

Musicwhiz wrote:Pretty soon in the world we will just have 3 Exchanges. They will be called "Asian", "American" and "Europe". :lol:


maybe ... just one...it will be called "The Chinese Exchange"
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Re: Singapore Exchange 03 (Feb 11 - Dec 11)

Postby LenaHuat » Fri Feb 18, 2011 6:11 pm

Bocker said that there were Other fishes should the ASX-SGX merger fail :lol: Could these be the Colombo SE, the Thai SE, the Tokyo SE??
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