Australia opens its equity market to foreign competition, awarding an operating license to...


Australia opens its equity market to foreign competition, awarding an operating license to Chi-X, which is owned by Nomura (NMR). Just weeks ago, a takeover of the ASX by the Singapore Exchange (SPXCF.PK) had been rejected by the government.
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  • rubberoptions
    , contributor
    Comments (403) | Send Message
     
    Singapore Exchange (SPXCF.PK) is a poorly managed exchange that has not been able to resolve Conflicts of Interest & think itself beyond reproach.
    Since Goodyear's CEO has publicly declared that GT does not hedge their natural rubber risk exposure, why is Singapore Exchange still retaining GT on their Rubber Committee?
    It is highly unlikely that South-east Asian exchanges will agree to merge in any shape or form with Singapore Exchange; given senior management's failure to investigate & be above board on suspicious pricing aberrations for natural rubber futures.

     

    Such pricing aberrations (pardon the euphemism) have been detrimental for the export revenues for the 3 major rubber exporting countries: Thailand, Malaysia & Indonesia (International Tripartite Rubber Consortium -ITRC).

     

    I'm not surprised why Australia's Dep. PM & Treasurer found it a 'No Brainer' decision to reject the merger proposal.

     

    One of the wisest moves by the former university professor from Queensland.
    4 May 2011, 08:39 AM Reply Like
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