Why SFE would be good for ASX
Article Abstract:
The Australian Stock Exchange's (ASX) bid for the Sydney Futures Exchange (SFE) would benefit ASX in terms of cutting costs and boosting product sales. Since the bid, ASX shares have gained greatly, starting at $4 in October 1998 and heading to $16 in March 1999. Exchanges have high fixed costs, so a merger would benefit ASX by gaining more business at the cost of just one operation. ASX has retail clients while SFE has institutional ones; a merger would result in opportunities to cross-sell across the shared product platforms.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1999
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Tricky October, and the bears are quiet
Article Abstract:
The bear market is quiet on Wall Street as October 1999 approaches and amid expectations that the United States stock market will continue to increase. Adviser Abby Joseph Cohen of Goldman Sachs Co. expects the Dow to reach 11,500 by the end of 1999. She expects that October 1999 will do no more than temporary damage to the Dow's 20% gain in 1999. In October 1999, bond market fears may deepen, as Alan Greenspan considers the interest-rate policy.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
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