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S T O C K
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best
d
a
b
The
idea ever
Stock links and connects are highly contrived
and usually unnecessary, but Richard Meyer
finds out that when they are needed, they
tend to work well.
M
arket linkages have been all the rage in
East Asia for a number of years, with no
shortage of announcements, memoranda of
understanding and high-level discussions
on trading connections between exchanges.
Despite all the excitement and noise, very little has
actually been accomplished. Few of the connections have
succeeded in getting even beyond the drawing board. Only
a couple actually work. The region is littered with dead
projects and dashed hopes. Even the success stories are
qualified successes, existing only because the conditions
are right and viable only as long as those conditions
remain.
66 // TheTRADE // Spring 2020