18 August 2017
Find out more

Singapore Exchange and Nasdaq OMX in duel listing agreement

22 October 2010  |  3539 views  |  0 Source: Nasdaq OMX

Following the cooperation to bring American Depository Receipts (ADRs) on GlobalQuote, Singapore Exchange (SGX) and Nasdaq OMX (Nasdaq:NDAQ) today also announce plans to offer companies the opportunities for listing on both exchanges.

The listing co-operation includes offering a cross listing opportunity to currently listed companies on both the NASDAQ Stock Market and SGX as well as dual listing opportunities for new IPOs. This initiative potentially allows better price discovery and trading opportunities in the Asian and U.S. time zones. NASDAQ-listed companies with strong brand awareness and active business endeavors in Asia will benefit from a secondary listing on SGX. SGX-listed companies interested in reaching U.S. investors will be able to list their ADRs on the NASDAQ Stock Market.

At 9am today, 19 American Depositary Receipts of Asian companies will be quoted for trading on the GlobalQuote board on Singapore Exchange (SGX). SGX and NASDAQ OMX intend to add more ADRs from Asian-based companies onto GlobalQuote, providing investors with an array of trading opportunities, including some that were previously unavailable during the Asian trading day.

Magnus Bocker, CEO of SGX, said, "The partnership with NASDAQ OMX will bring a wider selection of investment choices to our investors and offer companies access to an enlarged pool of investors. This strengthens our Asian gateway strategy."

Bob Greifeld, CEO of NASDAQ OMX, said, "We have a strong working relationship with SGX that goes back to 2003, when we provided the technology platform for their trading system. The collaboration we are announcing today is a natural next step in our relationship and will give our customers the ability to increase their investor base and reach a more global investor community."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.dorsum.eudownload the paper now

Who is commenting?

Top topics

Most viewed Most shared
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
10245 views comments | 8 tweets | 16 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8470 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7900 views 0 | 1 tweets | 9 linkedin
Uneasy sits the crown as cash use continues declineUneasy sits the crown as cash use continue...
7849 views comments | 3 tweets | 7 linkedin