Nasdaq and SGX Establish Collaborative Listings Agreement
(Thomson Reuters ONE) -
NEW YORK and SINGAPORE, Oct. 18, 2017 (GLOBE NEWSWIRE) -- 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 Nasdaq
Nasdaq (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
Nasdaq
Stephanie Lowenthal
(646) 441-5073
Stephanie.Lowenthal(at)nasdaq.com
Emily Pan
(646) 441-5120
emily.pan(at)nasdaq.com
SGX
Ho Lily
Marketing & Communications
(65) 6713 6786
lily.ho(at)sgx.com
-NDAQG-
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nasdaq via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 18.10.2017 - 15:42 Uhr
Sprache: Deutsch
News-ID 564217
Anzahl Zeichen: 5043
contact information:
Town:
New York
Kategorie:
Business News
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