Singapore Exchange, ASX in talks to combine bourses-source

SINGAPORE, Oct 22 (BestGrowthStock) – The Singapore Exchange
(SGXL.SI: ) and Australia’s ASX Ltd (ASX.AX: ) are in talks to
“combine” the two bourses, a source with knowledge of the deal
told Reuters on Friday.

“They are talking to combine the two (bourses),” said the
source, who asked not to be named because the deal is not
public yet, adding that the talks are yet to be concluded. “The
boards haven’t met yet.”

An SGX spokeswoman declined to comment.

Earlier news reports in Australia said SGX and ASX are in
merger talks, a move aimed at fighting growing competition from
newer trading systems and cutting the Hong Kong bourse’s
widening, China-fuelled lead. [nSGE69L07U]
(Reporting by Saeed Azhar; Editing by Muralikumar
Anantharaman)

Singapore Exchange, ASX in talks to combine bourses-source