SGX And TWSE Study Stocks Trading Link
“We are delighted to cooperate with TWSE on the study of a cost-efficient direct link between Taiwan and Singapore markets. International investors keen on Greater China opportunities are coming to Singapore and Taiwan because we are leading offshore Renminbi centres. There is therefore potential for cooperation in infrastructure and other areas so as to better serve these investors,” said Magnus Bocker, CEO of SGX.
“TWSE and SGX have built a broad consensus around expanding international cooperation. The signing of the Letter of Intent is a practical mechanism for facilitating cross-border trade and will enable TWSE and SGX to provide more diversified services to their respective market investors,” said Sush-der Lee, Chairman of TWSE.
Both Taiwan and Singapore offer various products for both domestic and foreign investors. TWSE and SGX will look into a link which can provide members of each of the exchanges an efficient, cost-effective and direct way to trade, clear, settle and custodise stocks listed on the other exchange. Any such link will be subject to regulatory approvals.
TWSE lists 814 stocks, ETFs, warrants and Taiwan Depository Receipts (TDRs).
SGX has offered MSCI Taiwan futures for 18 years. It also lists China A50, and AsiaClear iron ore futures, and 770 stocks including RMB shares.