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 London in talks with ASX, Singapore on share trading: FT

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London in talks with ASX, Singapore on share trading: FT Vide
PostSubject: London in talks with ASX, Singapore on share trading: FT   London in talks with ASX, Singapore on share trading: FT Icon_minitimeFri Mar 16, 2012 4:18 am
The London Stock Exchange Group is in talks with exchanges in Singapore and Australia to trade shares listed on each others' bourse, the Financial Times reported, citing unidentified people familiar with the matter.

LSE last week agreed to buy clearing house LCH.Clearnet Group, and that business would clear Singapore stocks traded in London and UK stocks traded on the Singapore Exchange, the newspaper reported. The London-listed exchange is in talks for a similar agreement with ASX, which runs Australia's main bourse, according to the report.

“It is a well known fact that we are always open to opportunities to grow SGX as the Asian gateway,” Joan Lew, a spokeswoman for Singapore Exchange, said today in an e-mail. “We do not comment on market speculation.”

Read more: http://www.smh.com.au/business/markets/london-in-talks-with-asx-singapore-on-share-trading-ft-20120316-1va9c.html#ixzz1pGXcJyBr
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