LSE and SGX sign cross-quotation agreement
London Stock Exchange (LSE) has signed a memorandum of understanding with
Singapore Exchange Limited (SGX) which lets participants trade the stocks of
both exchanges in both markets, providing greater trading opportunities for investors.
agreement launches the LSE’s International Board, which lets LSE members trade
the top 36 SGX-listed companies and Singapore’s Straits Times Index and MSCI
Singapore Index. Similarly, SGX members will be able to trade FTSE 100
securities on SGX’s existing GlobalQuote Board.
will benefit from an effective extension of trading hours for included
securities to around 15 hours each day. This will provide greater opportunity
for investment, trading, and risk management for participants in London and
For issuers in both markets, the initiative will offer
a quotation on a new market without the need for a separate listing, giving
access to a new investor audience and the opportunity to benefit from increased
Trades of Singapore-listed stocks traded on the LSE
will be cleared by LCH.Clearnet and settled via the Singapore Central
Securities Depository. Clearing and settlement arrangements for the FTSE 100
stocks traded in Singapore are subject to further regulatory approval.
The trading of SGX-listed shares on LSE is expected to
launch by early next quarter, while LSE-listed securities are expected to start
trading on SGX in the first half of 2013, subject to relevant regulatory
the world’s most international stock exchange, we are committed to bringing
global capital and investors to London, as well as raising the profile of
companies listed in our markets,” said Xavier Rolet, CEO of the LSE Group.
are excited to be partnering with the LSE to offer customers in our respective
markets a platform for investing in some of the world’s largest companies,”
said Magnus Bocker, CEO of SGX.
By Sophie Pallier