I personally think it was all a bit of a furphy about the SGX...

I personally think it was all a bit of a furphy about the SGX being less manipulated. I have no idea why they think it will be better. The most reasonable view may be that they will open themselves up to a whole new lot of investors. But it seems strange that they are moving because it was suggested by someone PB was salmon fishing with in Alaska. By the way a certain person was a governor not far from Alaska.

The reason I feel the manipulation idea was crap is that they looked at going to the US,Singapore or to London. London and the US are not exactly the pinnacles of honesty.

"1. Cornerstone investors to help mop up and
stabilise the share price"

If the price was expected to be higher in Singapore then the cornerstone investor would have bought on the ASX and not waited for the SGX. If the price was pushed down here they would have been stupid to wait.

"2. No high frequency trading"

http://www.bloomberg.com/news/2013-10-27/singapore-exchange-seeks-high-frequency-traders-southeast-asia.html

3. No single share trades, minimum $1000.

http://www.straitstimes.com/breaking-news/money/story/sgx-reduce-board-lot-size-100-shares-20130819

4. The fact they said less manipulation on the SGX
then the ASX.

I find that a bit hard to believe.


So how has the SGX fared against the ASX.

Look at how the ASX has gone compared with the SGX over the last 5 years. There doesn't seem to be much in it.

1 year.

2 year

5 year

So I must admit I have no idea and will leave it at that. I wish you all good luck over there.