As part of the agreement, Nasdaq and SGX – which also have a successful long-term market relationship – are currently reviewing the companies` demand for a simultaneous or sequential listing on both exchanges. Nasdaq and SGX are committed to companies interested in this route. The Nasdaq and the Singapore Exchange (SGX) have signed an agreement that could allow co-listed companies on both exchanges. About Singapore Exchange (SGX) Singapore Exchange Singapore Exchange is Asia`s leading and trusted market infrastructure, operating capital, fixed-rate and derivatives markets to the highest regulatory standards. As Asia`s most international multi-asset exchange, SGX offers listing, trading, clearing, settlement, deposit and data services, with approximately 40% of publicly traded companies and 75% of bonds listed outside Singapore. The agreement builds on an existing partnership between the two parties to support companies` access to capital market financing in both jurisdictions. The move is part of a long-term partnership agreement with the UK provider of stock indexes and related data services, signed on Thursday (August 20th), SGX said. Ultimately, the agreement aims to improve companies` access to capital market financing and improve their business profiles in both markets. As part of the agreement, Nasdaq and SGX are reviewing the companies` request for simultaneous or sequential listings on both exchanges. SGX CEO Loh Boon Chye said at a virtual briefing: “With FTSE Russell, we have implemented one of the largest and most liquid ftse derivatives franchises on stock indices for Asian markets. With this expanded agreement… we will develop more unique tools to meet the changing needs of investors.
“The business landscape today is limitless,” says Loh Boon Chye, SGX`s Managing Director. “Fast-growing Asian companies looking to open up capital markets can choose to join SGX in their Asian-born country and sit on the Nasdaq stock exchange while expanding their business around the world.” we…………………………………………… (List Candidate/Extended Group), based on the inclusion of Singapore Exchange Securities Trading Limited (SGX) on Catalist`s official list and specifying our securities, you accept the following. NEW YORK and SINGAPORE, October 18, 2017 (GLOBE NEWSWIRE) — Nasdaq Inc. (Nasdaq: NDAQ) and Singapore Exchange (SGX) today announced the signing of a cooperation agreement to use their assets as two of the leading stock exchanges in the United States and Asia. The new agreement aims to improve hereditary access channels to capital market financing and improve their profile in both markets. A new agreement between Singapore Exchange Regulation (SGX RegCo) and Nasdaq will facilitate the regulatory exchange of information on issuers double listed on both exchanges. This includes an optimized framework for issuers looking for a secondary list on SGX. Finally, SGX has also begun to examine the feasibility of streamlining the classification processes of the two exchanges in order to create a more efficient route for companies wishing to be listed on both sites. “The business landscape today is limitless,” said Loh Boon Chye, CEO of SGX.
“Fast-growing Asian companies looking to open up capital markets can choose to appear on SGX in their Asian-born country and go public on the Nasdaq while expanding their business around the world. We are pleased to work with Nasdaq to add value to SGX listed companies that want to expand their focus in capital markets and improve their profile in the United States.