SINGAPORE : There has been a delay in the plans for a
cross-trading link between the Singapore and Malaysian stock
exchanges.
Bursa Malaysia's CEO Yusli Mohamed Yusoff says it is being pushed
back to 2006.
The link was initially planned for the end of this year, and would
allow brokers in Malaysia and Singapore to trade stocks on both
exchanges.
But Bursa Malaysia says more time is needed to put in a trading
link mechanism.
Plans for a cross-trading link were first announced in June last
year.
The SGX has also confirmed the delay.
In a statement, SGX says the cross-trading link will be launched
after both exchanges have implemented their new trading
systems.
And that is now expected to be at the end of 2006. - CNA