SGX And ASX Launch Final Stage Of Co-Trading Link

Singapore Exchange Ltd (SGX) and Australian Stock Exchange Ltd (ASX) today announced the list of stocks which will be initially available for co-trading, and signed a Memorandum of Understanding (MOU) to facilitate information sharing on regulatory and market surveillance issues related to the link.

The list of stocks from each exchange has been selected on criteria such as inclusion in a share price index, liquidity and market capitalisation or familiarity. SGX and ASX expect to add more securities to the list as market interest develops.

The MOU, which facilitates SGX and ASX carrying out their regulatory responsibilities in relation to transactions executed via the SGX-ASX link, addresses:

1. the role of market surveillance units;
2. the sharing of market surveillance information; and
3. the establishment of core trading principles in ASX Business Rules and SGX-ST Rules regulating trades via the link.

Mr Thomas Kloet, CEO of SGX said, "Today's announcement brings us a step nearer to launching the first seamless cross border equities trading link developed by two exchanges. It is the result of dedicated effort and co-operation by SGX and ASX."

ASX managing director and CEO, Mr Richard Humphry said, "This is an exciting development that will bring investors and companies in both countries together in a single virtual market. It is a credit to not only the employees of both exchanges, but also the national regulators who have worked hard to facilitate this initiative."