Singapore may introduce a minimum price for mainboard shares and impose rules on collateral for some trades after a slump in the stocks of three companies erased $6.9 billion in market value over three days in October.
Singapore Exchange Ltd.’s profit probably fell last quarter as a penny-stock rout that curbed equity trading volume on Southeast Asia’s biggest bourse overshadowed an increase in derivative transactions.
Singapore Exchange Ltd., operator of Southeast Asia’s biggest bourse, said second-quarter profit fell 1.8 percent as a decline in equity trading volumes overshadowed an increase in derivative transactions.
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 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. , 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.