Singapore Exchange Ltd., had to acquire Australian bourse operator ASX Ltd but due to some reasons the deal could not negotiate which has resulted in fall in the profits by 10% in the third quarter.

The company reported a fall in the income to S$67 million ($54 million) from last year’s income of S$74.6 million. Chief Financial Officer Seck Wai Kwong said that operating revenue climbed 10 percent to S$169 million and around S$12 million cost is associated with the cancelled ASX deal.

Nineteen American depositary receipts of Chinese companies were introduced in October to boost the trading by Chief Executive Officer Magnus Bocker. He has also recorded an order processor of S$250 million which will become live in august this year.

Initially, he had tried hard to buy ASX Ltd., but the deal was blocked by the Australian government on April 8.

Third quarter reported a trading of $1.69 billion of shares as compared to S$1.53 billion a year earlier. Singapore Exchange closed by dropping 1.6% at 5 p. m.