SGX-TWSE tie-up to let Taiwan investors access S'pore-listed stocks

SINGAPORE Exchange (SGX) and the Taiwan Stock Exchange (TWSE) said on Wednesday they have established a strategic partnership where a subsidiary of TWSE, Global Link Securities Co, will join SGX as a remote trading member.

This is meant to be a "significant first step" towards wider partnership between the two exchanges, they said, with TWSE looking forward to a trading link between the two.

The agreement will allow TWSE member brokers to directly trade SGX-listed securities. Trading of Singapore-listed securities through Global Link is expected to go live in the second quarter of 2016.

"By expanding our connections internationally, Singapore's equities market will continue to deepen, with listed companies able to target an ever-increasing investor pool," said Loh Boon Chye, chief executive officer of SGX, in a joint media statement.

Sush-der Lee, chairman of TWSE, said: "The signing of today's agreement is the next stage of our 'step-by-step' cooperation with SGX. 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."