The Australian Treasurer has made a statement has rejected the proposed merger of ASX and SGX. As a result, the parties have a greed to mutually terminate the Merger Implementation Agreement entered into on 25 October 2010.
In a statement SGX says: "Asia will remain the world’s growth engine in the coming decades. SGX, as the Asian Gateway, is well-positioned to leverage on opportunities within Asia’s vibrant and dynamic economies. As Asia’s most international exchange, we will continue to pursue organic as well as other strategic growth opportunities, including further dialogue with ASX on other forms of co-operation."
