Comments on Stephen Bartholomeusz “Battling for ASX survival”, 6/04/2011, http://www.businessspectator.com.au/bs.nsf/Article/Wayne-Swan-ASX-SGX-pd20110405-FM9EP?OpenDocument&src=sph&src=rot
Instead of being effectively taken over by SGX, the ASX should consider a formal alliance with it to facilitate the stocks are listed in one and is also listed in the other with nearly nil additional costs.
There could be a joint committee or super board consists only the chairmen and CEOs of the two exchanges to ensure the two exchanges operate in the most efficient way to benefit both.
It was a silly idea, at least on the ASX side, from the beginning to have decided and agreed to the so called merger with or being taken over by SGX.
Only they themselves didn’t realise that and see that under bright daylight.
It is extraordinary for an organisation that has so intimately been in and involved in commercial businesses.