Amex and SGX terminate joint venture

Singapore Exchange Limited and NYSE Euronext have agreed to terminate the American Stock Exchange- SGX Joint Venture (JV) on 30 April, although they will continue to collaborate in the ETF space. The exchanges claim that there is no longer a need for the JV in order to collaborate and undertake their respective areas of ETF focus, due to having established a 'friendly relationship'. The JV was formed in April 2001 in order to promote the listing and trading of US cross-listed ETFs in the Asian time zone on SGX. Following the termination, the JV trading platform SGX Xtranet will cease ope...