Singapore Exchange Ltd. , operator of the city’s derivatives and securities exchange, is mulling the possibility of scrapping its midday trading break, Chief Executive Officer Magnus Bocker told reporters today.
Singapore Exchange Ltd. , pursuing a takeover of ASX Ltd., said the transaction would help companies trading on the Australian stock exchange attract money to expand and make it more competitive with its Hong Kong rival.
A merger between the operator of Australia’s main stock exchange and an overseas bourse is the best option if the nation wants to stay relevant in global share trading, according to the head of Singapore Exchange Ltd.
Singapore beat Hong Kong to lure the initial stock sale of record 19-time English soccer champion Manchester United Ltd. in part by assuring a speedier approval process, bankers with knowledge of the matter said.
Singapore Exchange Ltd. will invest in a new clearing and settlement platform that will allow it to expand the range of securities it can handle beyond domestic equities, Chief Executive Officer Magnus Bocker said.