SINGAPORE (Jan 27): In a sign of the deepening relationship between the two bourses, Taiwan Stock Exchange (TWSE) and Singapore Exchange (SGX) have formed a strategic partnership.
Under the tie-up, a subsidiary of TWSE, Global Link Securities Co. Ltd, will join SGX as a remote trading member.
The agreement will allow TWSE member brokers to directly trade SGX-listed securities, making such international trades more efficient and cost-effective for Taiwan investors. Trading of Singapore listed securities through Global Link is slated to go live in 2Q2016.
In addition, SGX and TWSE will jointly launch a series of market education and awareness programmes in Taiwan.
This partnership will also provide Taiwan investors with access to sectors, such as REITs and Business Trusts, Healthcare, Consumer and Digital, considered traditional strengths of SGX.
As at end-December 2015, 769 companies with a total market capitalisation value of $904.8 billion are listed on SGX.
SGX closed 0.9% higher at $6.90.