Referenced Stocks

ASX, SGX Jointly Host Data Centre

By International Business Times,  July 25, 2012, 08:43:08 PM EDT

The Australian Stock Exchange ( ASX ) and Singapore Stock Exchange (SGX) will jointly host a data centre beginning September to boost the flow of futures activity between the two major bourses.

ASX Deputy Chief Executive Peter Hiom said the new initiative is part of ASX's plan to internationalise Australia's largest stock exchange.

In 2011, Canberra rejected an $8.4-billion takeover bid by the SGX for ASX since it was against the national interest of Australia. The decision made SGX instead focus on organic growth via new products and improved connectivity with other global exchanges rather than pursuing mergers and acquisitions.

Read More on International Business Times




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: ASX



Latest News Video

South Korea Helicopter on Show
South Korea Helicopter on Show      
In The Wake Of Devastation
In The Wake Of Devastation          
An Orchestra Walks Into a Bar...
An Orchestra Walks Into a Bar...    
Tutu Scoops Templeton Prize
Tutu Scoops Templeton Prize         


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.44 0.07  0.52%
F $ 14.95 0.10  0.66%
CLWR $ 3.40 0.14  4.29%
SIRI $ 3.515 0.02  0.43%
MSFT $ 34.85 0.23  0.66%
CSCO $ 24.01 0.07  0.27%
MRK $ 47.33 2.12  4.69%
PFE $ 28.78 0.08  0.28%