General Announcement::News Release: SGX and Bursa Malaysia to set up stock market trading link

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
06-Feb-2018 11:31:16
Status
New
Announcement Sub Title
News Release: SGX and Bursa Malaysia to set up stock market trading link
Announcement Reference
SG180206OTHRY7GO
Submitted By (Co./ Ind. Name)
Leela Lamont
Designation
Vice President
Effective Date and Time of the event
06/02/2018 17:00:00
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) is pleased to collaborate with Bursa Malaysia (BM) on jointly developing our capital markets through a stock market trading link.

We welcome and support the announcement made by the Monetary Authority of Singapore (MAS) and Securities Commission Malaysia (SC) this morning on the establishment of a BM-SGX trading link.

This is the first time that both SGX and BM have come together to establish a network that will enable cross-border clearing and settlement of traded stocks. The joint regulatory supervision and enforcement arrangements by MAS and SC will allow investors to use the trading link with confidence. Each market will continue to be governed by its own listing, trading and clearing rules and regulations.

Loh Boon Chye, Chief Executive Officer of SGX, said, "This is a unique opportunity to galvanise wider interest in listed companies and boost trading activity in both markets. We will utilise technology to implement an end-to-end solution that delivers a better and more efficient experience for market participants."

SGX and BM will jointly work out the operational model and safeguards for the trading link. Further updates will be provided as development progresses.

Attachments

20180206_SGX_and_Bursa_Malaysia_to_set_up_stock_market_trading_link.pdf
Total size =276K