"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.
At 10:02 a.m., Cosco Corp shares were down 3.3% at $2.34 on a volume of 1.8 million shares.
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.
At 9:35 a.m., Singapore Exchange was down 0.24% at $8.41 with 272,000 shares changing hands.
Singapore Exchange’s bid for ASX, operator of the Australia’s main bourse, has been cleared by the nation’s competition regulator.
The deal wouldn’t adversely affect competition in exchange services, the Australian Competition and Consumer Commission said in a statement today. A key focus of its investigation was whether the acquisition of ASX would deter entry into the Australian market of rival Chi-X Australia Pty and other competitors due to SGX’s links with Chi-X Global Inc., it said.
Profit rose to US$85.4 million, or 4.9 cents a share, in the three months ended Sept. 30, from US$27 million, or 1.55 cents, a year earlier. Revenue increased 14% to US$113.3 million from US$99.8 million, it said in a statement to the Singapore exchange.
STX Europe says the initial public offering of shares in STX OSV Holdings was 4.2 times subscribed. Trading of the shares of STX OSV on the Mainboard of the Singapore Exchange will start tomorrow at 9:00 am.
The offering of 325,646,000 shares consist of the offering of 180 million new shares by STX OSV and the offering of 145,646,000 existing shares in STX OSV by STX Europe Holding AS, a wholly-owned subsidiary of STX Europe AS.
The review will scrutinize the deal’s impact on “the development of competition between exchanges and associated products or services,” the ACCC said in an announcement on its website.
CapitaMalls Asia (CMAL.SI), a unit of Southeast Asia’s largest property developer CapitaLand (CATL.SI), said it has entered into an agreement to obtain two-third stake in a $747.2 million property project in Shanghai. The company said in a statement to the Singapore Exchange that the shopping mall and office project in the Luwan district is expected to be completed by 2015.
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The Singapore Exchange (SGX) said on Wednesday it is only a matter of time before state-owned steel mills in China start using its iron ore swaps contracts to hedge risk.
SGX, whose iron ore swap volumes reached a record 5.3 million tonnes in the second quarter as traditional pricing arrangements in China collapsed, added that it expected its business to expand strongly.
Third-quarter gross premium income fell 7% to $1.66 billion, Great Eastern said in a statement to the Singapore Exchange today.
At 0315 GMT, SGX shares were trading up 1.6% at $8.86 on a volume of 11.3 million shares.
OCBC Investment Research in an Oct 26 research report says: “Singapore Exchange (SGX) is making a $10.7 billion offer for ASX Ltd (ASX). Cost synergy is estimated at US$30 million. The merger is subject to shareholders’ approvals from both exchanges as well as regulatory approvals from both countries.
The operator of Singapore’s stock market is offering A$48 per ASX share, 37% more than the company’s last price on Oct. 22, the companies said. Shares in ASX closed below the offer price at A$41.75 on concern the deal may not be approved by Australia’s government or regulators. The two exchanges will remain separate legal entities and be regulated locally.
The operator of Singapore’s stock market is offering A$48 per ASX share, 37% more than the company’s last price on Oct. 22, the companies said. Shares in ASX closed below the offer price at A$41.75 on concern the deal may not be approved by Australia’s government or regulators. The two exchanges will remain separate legal entities and be regulated locally.
