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SINGAPORE: Singapore Exchange (SGX) has said it is in "preliminary discussions" with India's Bombay Stock Exchange to explore possible working opportunities.
SGX, which operates the local bourse, gave no further details but the comments came after India's Business Standard reported over the weekend that the Singapore market, along with the London Stock Exchange, New York Stock Exchange and others, was a potential investor in a 26 percent stake in the Bombay Stock Exchange.
"As we have stated before, SGX is open to work with like-minded exchanges that will enhance our marketplace," SGX said in a statement.
"In this context, we are in preliminary discussions with BSE (Bombay Stock Exchange) on a number of possibilities," it said.
SGX has formed working partnerships with other bourses including the Jakarta Stock Exchange and Bursa Malaysia.
Last month, it agreed to strengthen ties with the Tokyo Stock Exchange under which the Japanese stock operator agreed in principle to license TOPIX-related indices to SGX to create derivatives and exchange traded fund products for dealing in Singapore.
- AFP/ir
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