Singapore, Taiwan Exchange Agreement Signals Future Intent
TWSE subsidiary to join SGX as trading member, facilitating trading links between the bourses.
The agreement between TWSE and SGX is described as a "significant first step towards wider partnership between the two exchanges", which was first mooted in September 2014. As a result of Global Link Securities becoming a trading member of SGX, TWSE member brokers will gain the ability to directly trade SGX-listed securities. Trading of Singapore listed securities through Global Link is expected to go live in Q2 2016.
"The signing of today's agreement is the next stage of our ‘step-by-step' cooperation with SGX," says Sush-der Lee, chairman of TWSE. "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."
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