Is this a first?
Apparently the London Stock Exchange and the Toronto Stock Exchange are to become one, with 55% of control given to a London commission and 45% to a Toronto commission.
Apparently this will make it easier for North Americans to invest in small and medium sized European companies and easier for Europeans to invest in small and medium sized companies floated on Toronto markets.
It will become the worlds most important market for mining and energy sectors and the new combined exchange will be the fourth most important world market (pushing NASDAQ into fifth).
Apparently the Hong Kong stock exchange wants a merger too, and apparently the LSE might be moving to acquire the Australian Stock Exchange.
What does all this mean? Personally I suspect it means nothing other than less employees, thus lower costs, and more money entering the pockets of those at the very top. Investors are unlikely to achieve efficiencies.
Not that I am going to shed a tear for those working in 'the city'.
Except ASIC would block a move to have major foreign ownership of the Australian Stock Exchange and so would many of our independent federal ministers, so parts of Govt would block it in the upper house.
They may not have any choice if they want to avoid becoming entirely irrelevant, every exchange in the world seems to be seeking a merger in order to consolidate. Your political objections at the moment seem to be at the prospect of a tie with Singapore rather than an objection to the principle of a merger. Business is Singapore is done very differently in Singapore than it is in Australia, it doesn't feel as natural as a merger between Toronto and London - seeing as we share a language and don't have major differences in culture. A merger between the SFX and ASX would result in an exchange capable of rivalling HK and Tokyo, at least if HK and Tokyo don't get the mergers that they too are looking into. The alternative of course is for the ASX to seek an aquisition themselves, but it very much looks like a merge or dissapear scenario.
by M.SHOAIB 8 years ago
we must know about stock exchange rules and regulations
by Myn Is Me 5 years ago
What is a Stock Exchange?
by Muhammad Mashhood Qasmi 5 years ago
Do you like to invest in stock exchange?If you do some speculation in stocks what precautions will you suggest for a stock exchange investor?
by moses indetie 7 years ago
How do i make money in stock exchange
by Ashi 2 years ago
I was wondering, is there any Hubbers who is writing on Stocks or Stock Exchange? Is it a good idea to write hub on Stock Exchange? Will it be successful?
by My Esoteric 6 years ago
How does buying 100 shares of IBM on the stock exchange and holding it for a year create jobs?When I but stock on the stock exchange, I am buying it from somebody else that owns it, not from IBM, so IBM does not see a dime of my money. If I hold it for more than a year and then sell it for a...
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