SGX-TWSE cross-trading could start in July: report

Singapore

CROSS-TRADING between the Singapore Exchange (SGX) and the Taiwan Stock Exchange (TWSE) could commence as early as July next year, TWSE president Michael Lin told Reuters on Wednesday.

TWSE chairman Lee Sush-Der had earlier revealed that if plans proceeded accordingly, the channel would allow investors to trade a specified range of listed stocks in each other's markets at a lower overall cost.

Singapore investors may also stand to gain from an increased exposure to Taiwan equities. In UBS's "Investing in Asia Pacific" report, Taiwan remains one of its two preferred equity…