Singapore, Australia Exchanges to develop Electronic Link

- the entry point to Asian business.

Main

Front Page
News Overview
By Release Time
By Subject
About BizAsia
Stock Markets
Terms of Use

You & BizAsia

Hot Topics Forum
Mailing list
Mail a friend
Privacy Policy

Investment	2000-06-06 14:21:00-04
Singapore, Australia Exchanges to develop Electronic Link
New electronic link between two stock exchanges will allow cross trading of stocks by 2001

An historic agreement to develop an electronic link for cross trading of stocks by 2001 has been signed by the Singapore Exchange (SGX) and the Australian Stock Exchange (ASX). The link will facilitate the trading, settlement and holdings of SGX quoted securities by Australian investors and the same for ASX-quoted securities by Singapore investors. When the link is established, most likely by July, 2001, investors in Singapore and Australia can buy and sell equity securities in each others market, in their own currency utilizing stock brokers in their own country. The agreement will bring SGX and the ASX closer towards a trading and settlement that will increase the depth and liquidity of each market. The number of companies that will be involved with the link, but ASX chairman Maurice Newman said it would be around 30 from each country. The rules of country where the stock is initially listed will govern the trade. Both exchanges see the deal as beneficial to each and hope that the agreement can progress from a bilateral to a multilateral one. There are many smaller exchanges in Asia, such as Thailand and Malaysia, for example, that could benefit from signing up with Singapore and Australia.

Most Recent 'Investment' Pages

2007-01-22 06:45:32-05  Foreign investors less attentive to Thai property market
2006-11-23 21:08:38-05  Burma demands more time for repayment of loan
2006-10-16 13:07:19-04  Government planning Suvarnabhumi Airport expansion
2001-05-07 17:15:00-04  North Korea ready for Foreign Investment
2000-08-04 00:12:00-04  Ban on Foreign IT Investment in Indonesia
2000-06-06 14:21:00-04  Singapore, Australia Exchanges to develop Electronic Link
2000-05-08 13:15:00-04  Nasdaq Japan off and running (almost
2000-04-04 06:27:00-04  Theme Park set for Shanghai
2000-03-27 18:51:00-05  Infonet to expand Asia Pacific Investment
2000-03-10 01:19:00-05  HSBC issues Investment Outlook
2000-03-07 23:06:00-05  Report: Malaysia may extend Foreign Investment Policy
2000-03-05 20:53:00-05  Singapore Exchange announces new Regs