Singapore Exchange said four Southeast Asian securities exchanges invited vendors to provide technology infrastructure for the Asean Trading Link, which it expects to launch toward the end of this year. The four exchanges are Bursa Malaysia, the Philippine Stock Exchange Inc., Singapore Exchange and the Stock Exchange of Thailand.
The reasons to invest in Forex trading system are many. But the primary reasons are that the price movements are generally less volatile, the leverage is virtually limitless, and you can trade almost 24 hours a day and 7 days a week.
"We have established that all broking firms had trades done on SGX securities market in the first half hour when the market opened promptly at 9 a.m. this morning," said a spokeswoman for the Singapore bourse.
Singapore Exchange (SGX) (SGXL.SI), Asia’s second-largest listed bourse operator, said on Wednesday it will launch the world’s fastest trading engine, called SGX Reach, on Aug 15 as it tries to compete with rivals.
SGX said last year that it would invest $250 million for the new trading infrastructure that will enable overseas customers to trade through the bourse at a lower cost.
Singapore Exchange, operator of the city’s derivatives and securities market, will scrap its midday trading break from March as it seeks to increase its regional role.
Australia, South Korea, the Philippines, India, Sri Lanka and Bangladesh already operate without a lunch interval. Singapore’s trading day now runs from 9 a.m. to 12:30 p.m., followed by a 90 minute break and an afternoon session between 2 p.m. and 5 p.m.
Currency exchange rates and how they move are not to be taken lightly in the automotive business if you are trading – either in parts or vehicles – across the world. They can provide a tailwind that makes your firm look better than it really is, or they can provide a headwind that undoes your good work.
Two recent stories we have published illustrate their importance. Daihatsu – majority-owned by Toyota and a specialist in small cars – is taking a hammering in Europe due to the strength of the yen. Margins on small cars are tight to begin with, but the strong yen has clearly wiped out any prospect of profitability on the brand’s models being shipped from Japan to Europe. It has now decided to give up.
One thing that would have helped Daihatsu (besides better and more exciting models, a clearer brand image, maybe keeping the Charade model name and not replacing with Sirion) would have been an assembly facility in Europe, preferably low-cost, perhaps somewhere like Bulgaria or Turkey where local demand could have been supplemented by substantial shipments to the EU.
I can’t help thinking that Daihatsu is a brand that has under-achieved under Toyota. It has basically been left to get on with mainly supplying the Japanese domestic market with midget cars. An overseas product and selling strategy was there, but surely it could have been better? The impression I have is that Daihatsu and Toyota have never been as close/integrated as they might have been.
“Investors are constantly seeking trading opportunities, and continuous all-day securities trading will provide more avenues for participants to invest, hedge and arbitrage their investments,” Chief Executive Officer Magnus Bocker said in a statement today. “This will make Singapore one of the most accessible markets in Asia and in the world.” Eliminating the break could boost trading volumes by between 8 percent and 10 percent, Bocker said in July.
Trading in the Singapore bourse currently has a lunch break from 12:30pm to 2pm.
Net income climbed to $74.2 million in the three months ended December from $71.8 million a year earlier, the company said in a statement today. Excluding $7.5 million of costs for the pending takeover of ASX, Australia’s main bourse, profit increased to $81.7 million. Analysts had expected US$85 million ($109.5 million), based on the median of five estimates compiled by Bloomberg News.
The comments on Tuesday came after SGX missed expectations for its second-quarter profit on higher costs for technology and transactions linked to the bid for ASX.
At 9:35 a.m., Singapore Exchange was down 0.24% at $8.41 with 272,000 shares changing hands.
Daiwa Research in a Jan 11 research report says: “For 2Q FY11, we forecast a net profit of $76.6 million (up 6.8% y-o-y) and revenue of $166.4 million (up 10.4% y-o-y).
HP gets a $30 million contract to build an HIE in Texas, while GE and KeyHIE expand a health information network in Pennsylvania and Harris takes the HIE reins in Florida. – Amid a flurry of new HIEs
(health information exchanges) around the country, on Jan. 12 Hewlett-Packard announced
a 52-month services deal with the Texas Health and Human Services Commission to
create a statewide Medicaid HIE.
HP is the principal IT provider for Medicaid in 21 states.
HIEs p…
Federal agents raided the home of two Vietnamese exchange students suspected of being mules for an online scam that used stolen credit card information and bogus PayPal accounts to sell products on eBay. – Two foreign exchange students from Vietnam
are accused of being mules for an international identity theft ring believed to
have stolen millions of dollars from online merchants, according to an
affidavit filed by federal investigators in Minnesota
district court.
The Dec. 29 affidavit sought a …
The Serbian dinar will lose 51 paras in value against the euro in the first few days of 2011. The official middle exchange rate will be RSD 106.0156 for one euro as of January 4, the National Bank of Serbia (NBS) stated.
