SGX Expands GlobalQuote Footprint With New ADRs

Singapore Exchange (SGX) is expanding its GlobalQuote footprint as it adds 15 new American Depositary Receipts (ADR) to its international quotation board on 29 December 2011. These new additions are part of SGX’s continuing efforts to expand the scope and coverage of GlobalQuote in order to offer more international investment opportunities for market participants.

All 15 new ADRs are of industry-leading companies with at least US$1 billion market capitalisation. They hail from across Asia, Europe and Australasia, expanding GlobalQuote’s geographic coverage to 11 different countries across 3 continents.

All the ADRs on GlobalQuote are fully transferable with those listed in the US and allow investors to manage their exposure to these companies across both US and Asian market hours.

“By expanding our GlobalQuote footprint with these new ADRs, we enable investors to manage risk and trade across several time-zones with ease and cost efficiency. For the first time, investors will be able to manage exposures to these global companies during the Asian time zone, when increasingly relevant news flow is likely to occur for these companies with significant businesses in Asia. GlobalQuote offers the only on-exchange platform in Asia for this purpose and SGX looks forward to bringing more of such offerings to customers,” said Mr Nels Friets, Head of Securities at SGX.

Following are the new ADRs: