Baltic Exchange board backs SGX bid for London firm

Baltic Exchange board backs SGX bid for London firm

A wooden plaque is seen on a wall at The Baltic Exchange in the City of London, Britain March 2, 2016. REUTERS/Toby Melville

The Baltic Exchange board has unanimously backed a takeover bid from Singapore Exchange Ltd, a deal that will give SGX access to a trading platform for the multibillion-dollar freight derivatives market.

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