SGX denies rumors on LSE merger

The bourse said it was not in talks with the London Stock Exchange to form what could have been the world's third-largest exchange group.

"Singapore Exchange (SGX) wishes to make a clarification on market rumours about a potential merger between the London Stock Exchange (LSE) and SGX. SGX has not engaged in talks with the LSE on a potential merger. However, we are open to collaborations and partnerships which may benefit our shareholders and the company. SGX will notify the market of any material developments as required under the Securities and Futures Act and the SGX-ST Listing Rules," SGX said in an announcement over the weeked.

The denial was prompted by news reports late last week that speculated on a potential merger, including a Daily Telegraph report that calculated a 7.2 billion pound ($11.3 billion) merger between the two exchanges.