Singapore Exchange (SGX) is pleased to collaborate with Bursa Malaysia (BM) on jointly developing our capital markets through a stock market trading link.
We welcome and support the announcement made by the Monetary Authority of Singapore (MAS) and Securities Commission Malaysia (SC) this morning on the establishment of a BM-SGX trading link.
This is the first time that both SGX and BM have come together to establish a network that will enable cross-border clearing and settlement of traded stocks. The joint regulatory supervision and enforcement arrangements by MAS and SC will allow investors to use the trading link with confidence. Each market will continue to be governed by its own listing, trading and clearing rules and regulations.
Loh Boon Chye, Chief Executive Officer of SGX, said, “This is a unique opportunity to galvanise wider interest in listed companies and boost trading activity in both markets. We will utilise technology to implement an end-to-end solution that delivers a better and more efficient experience for market participants.”
SGX and BM will jointly work out the operational model and safeguards for the trading link. Further updates will be provided as development progresses.
