The Taiwan Stock Exchange (TWSE) and Singapore Exchange (SGX) have established a strategic partnership, which will see Global Link Securities, a subsidiary of TWSE join SGX as a remote trading member.
The partnership is intended to allow TWSE member brokers to directly trade SGX-listed securities, making international trades more efficient and cost-effective for Taiwanese investors.
Taiwan investors will also gain access additional to the healthcare, consumer and digital sectors, and real estate investment and business trusts.
SGX and TWSE are also launching a series of market education and awareness programmes in Taiwan, intended to help institutional and retain investors in Taiwan to better understand the opportunities of long-term investment in Singapore’s equity market.
CEO of SGX Loh Boon Chye said: “We are delighted to extend our partnership with TWSE. We warmly welcome Global Link, TWSE’s subsidiary as a remote trading member and are pleased to deliver greater convenience and choice to international investors accessing the Singapore market.”
“By expanding our connections internationally, Singapore’s equities market will continue to deepen, with listed companies able to target an ever-increasing investor pool.”
Sush-der Lee, chair of TWSE, added: “The signing of today’s agreement is the next stage of our step-by-step cooperation with SGX. We also hope to welcome Singapore investors to trade the Taiwan market by way of a trading link sometime in the future.
“We hope that this type of cooperation between exchanges will make it easier for brokers everywhere to offer streamlined and cost effective cross-border investment services.”
Global Link is expected to begin trading Singapore-listed securities in Q2 2016.
