General Announcement::News Release: Singapore Exchange and New Zealand's Exchange sign MOU

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Securities
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
07-Mar-2018 07:31:09
Status
New
Announcement Sub Title
News Release: Singapore Exchange and New Zealand's Exchange sign MOU
Announcement Reference
SG180307OTHRBKHJ
Submitted By (Co./ Ind. Name)
Jo-Ann
Designation
Senior Associate
Description (Please provide a detailed description of the event in the box below)
Singapore, March 07, 2018 - Singapore Exchange (SGX) and New Zealand's Exchange (NZX) have signed a Memorandum of Understanding (MOU) to expand co-operation in Asia-Pacific markets.

SGX Chairman Kwa Chong Seng said, "International collaborations will further SGX's position as a leading global exchange and financial hub in Asia. We are pleased to work with NZX on areas of opportunities spanning both our securities and derivatives markets."

NZX Chairman James Miller commented, "As part of NZX's refreshed strategy we made a strategic decision to shift our focus away from the regional stock exchange model, instead focusing on creating strong partnerships with global exchanges who are committed to generating opportunities for investors and issuers in their respective markets. This MOU represents a further step change for NZX, and we look forward to working with SGX to keep growing our leadership role in the Asia-Pacific region."

Under the terms of the memorandum, NZX and SGX will promote market development initiatives across a range of areas including the promotion of derivatives products, dual and secondary listings, exchange traded funds and investor participation. The exchanges will also share relevant information as required and partner on green finance and sustainability initiatives.

Attachments

20180307_Singapore_Exchange_and_New_Zealands_Exchange_sign_MOU.pdf
Total size =288K