SGX CEO: Singapore says ASX tie-up not 'merger of losers'

Business Spectator, 10 Dec 2010Singapore Exchange chief Magnus Böcker has rejected the suggestion a tie-up with the Australian Securities Exchange (ASX) is a "merger of losers", describing his $8.4 billion takeover offer as a "revenue play" and promising that computers will stay in Sydney should it succeed.Questioned on the failure of Australia and Singapore to become regional financial centres,