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SGX And SGX To Launch Co-Trading Link On 20 December 2001

Date 13/12/2001

Singapore Exchange Ltd (SGX) and Australian Stock Exchange Ltd (ASX) today announced that the ASX-SGX co-trading linkage, the first such facility in the world, will go live from 20 December 2001.

Once live, investors in Australia and Singapore will be able to co-trade selected securities in each other's market directly, through brokers in their own countries, whenever the respective markets are open.

Mr Thomas Kloet, CEO of SGX said, "After significant effort by both exchanges, we are pleased that this pioneering trading and clearing link is operationally ready for investors in both marketplaces."

Mr Richard Humphry, ASX managing director and CEO said. "This is a historic step, and we believe a necessary one, that can only provide great benefits to the companies and investors in each market.''