Taiwan and Singapore Eye Trading Link
As the Taiwanese venue is looking at ways to enhance its global reach, the trading link will help simplify trading and settlement process as well as clearing and custodian activities, and reduce transaction and operational costs while supporting investors and brokers with the routing of orders to foreign exchanges.
"We are delighted to cooperate with TWSE on the study of a cost-efficient direct link between Taiwan and Singapore markets," says Magnus Bocker, CEO at SGX. "International investors keen on Greater China opportunities are coming to Singapore and Taiwan because we are leading offshore renminbi centers. There is therefore potential for cooperation in infrastructure and other areas so as to better serve these investors."
The trading link, subject to regulatory approval, is expected to be operational within six months.
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