NO deadline has been set for stockbroking companies to merge nor has a specific number of universal brokers (UBs) been targeted for the industry, Deputy Finance Minister Datuk Dr Shafie Mohd Salleh said.
The pace (of mergers) and the actual number of UBs will be determined by market forces,'' Shafie told reporters after the official launch of the OSK188 StockGame championship in Kuala Lumpur yesterday.
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