- George Russell
Singapore Exchange (SGX) and the New York Stock Exchange (NYSE) announced on Friday that they would collaborate on the dual listing of companies and work together in other capital markets fields.
The two bourses said they would explore new exchange-traded fund (ETF) products and jointly promote environmental, social and governance (ESG) themes.
“This agreement … aims to create a more connected ecosystem to facilitate access to capital and the development of new investment solutions to address growing complex needs of market participants and investors,” SGX chief executive Loh Boon Chye said.
He said the dual listings would benefit issuers by allowing them to tap into pools of capital in key markets outside of their home regions.
The agreement also allows the two exchanges to develop new products and services in support of their listed companies and investor communities, and coordinate compliance efforts for dual-listed companies.
“Our agreement will bring issuers access to greater opportunity as well as drive the development of new products in high-demand areas such as ESG,” NYSE president Lynn Martin said.
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