Nasdaq and SGX Establish Collaborative Listings Agreement
October 18 2017 - 9:30AM
Nasdaq Inc. (Nasdaq:NDAQ) and Singapore Exchange (SGX) today
announced the signing of a collaborative agreement in a move to
leverage their strengths as two of the leading listings venues in
the U.S. and Asia respectively. The new agreement seeks to enhance
the channels available for companies to access capital market
funding and enhance their corporate profile in both markets.
As part of this agreement, Nasdaq and SGX -- who also share a
successful, long-term market technology relationship -- are
currently exploring the demand among corporates for a concurrent or
sequential listing on both exchanges. Nasdaq and SGX are committed
to supporting companies that are interested in pursuing this
route.
“The business landscape today is borderless,” said Loh Boon
Chye, CEO, SGX. “Fast-growing Asian companies looking to tap the
capital markets can choose to list on SGX on Asian home ground, and
embark on a listing on Nasdaq as they expand their business
globally. We are excited to partner with Nasdaq in this
collaboration to provide value-add to SGX’s listed companies who
are looking to extend their reach in the capital markets and raise
their profile in the United States. Through this partnership, we
also look forward to enhancing the awareness of Nasdaq’s suite of
corporate services in Asia.”
“We recognize the unprecedented growth across Asia and its
strategic importance in driving the next phase of innovation,” said
Adena Friedman, President and CEO of Nasdaq. “Nasdaq is proud to be
the home exchange to many successful innovators across Asia as well
as a strategic partner to SGX, a preeminent exchange in the region.
We look forward to helping companies access global capital markets
and the broader investment community through this partnership.”
Both parties are also reviewing the feasibility of bringing
Nasdaq’s International Designation program to existing
SGX-listed companies that wish to enhance their corporate profile
and tap the investor base in the United States. Discussions are
also underway to cross-promote Nasdaq and SGX’s marketing
activities in North America and Asia.
Lastly, SGX has also started exploring the feasibility of
streamlining the listing processes of both exchanges to create a
more efficient pathway for companies seeking a listing in both
venues.
About NasdaqNasdaq (Nasdaq:NDAQ) is a leading
global provider of trading, clearing, exchange technology, listing,
information and public company services. Through its diverse
portfolio of solutions, Nasdaq enables customers to plan, optimize
and execute their business vision with confidence, using proven
technologies that provide transparency and insight for navigating
today's global capital markets. As the creator of the world’s first
electronic stock market, its technology powers more than 90
marketplaces in 50 countries, and 1 in 10 of the world’s securities
transactions. Nasdaq is home to approximately 3,900 total listings
with a market value of approximately US$12 trillion. To learn more,
visit: http://business.nasdaq.com
About Singapore Exchange (SGX) Singapore
Exchange is Asia’s leading and trusted market infrastructure,
operating equity, fixed income and derivatives markets to the
highest regulatory standards. As Asia’s most international,
multi-asset exchange, SGX provides listing, trading, clearing,
settlement, depository and data services, with about 40% of listed
companies and 75% of listed bonds originating outside of
Singapore.
SGX is the world’s most liquid offshore market for the benchmark
equity indices of China, India, Japan and ASEAN and offers
commodities and currency derivatives products. Headquartered in
AAA-rated Singapore, SGX is globally recognised for its risk
management and clearing capabilities. For more information, please
visit www.sgx.com.
Media Contacts
NasdaqStephanie Lowenthal (646)
441-5073Stephanie.Lowenthal@nasdaq.com
Emily Pan(646) 441-5120emily.pan@nasdaq.com
SGXHo LilyMarketing & Communications(65)
6713 6786lily.ho@sgx.com
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