Source: SGX
Recognising the importance and benefits of alliances among Asian exchanges, Singapore Exchange Limited (SGX) and Tokyo Stock Exchange (TSE) have agreed today to forge a closer collaboration, following TSE's celebration of the 10th Anniversary of their Singapore Representative Office.
TSE has agreed in principle to license TOPIX-related indices to SGX to create derivatives and ETF products for trading on SGX. In addition, SGX and TSE will explore the establishment of a trading and clearing link for both derivatives markets with initial focus on the JGB and TOPIX products. Both exchanges will enter into immediate discussions on implementing these opportunities for collaboration.