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Tuesday, 6 February 2018

Malaysia PM today announced the upcoming establishment of 'Malaysia-Singapore' Connect of stock market investors from each country to trade.

The Singapore Exchange (SGX) welcomes the proposal to collaborate with Bursa Malaysia Bhd on jointly developing capital markets through a stock market trading link.
The stock exchange welcomes and supports the announcement made by the Monetary Authority of Singapore (MAS) and Securities Commission Malaysia (SC) this morning on the establishment of a BM-SGX trading link.
Prime Minister Datuk Seri Najib Razak today announced the upcoming establishment of 'Malaysia-Singapore Connect', which will enable stock market investors from each country to trade in the other.
The Malaysia-Singapore Connect will enable investors from both countries to access into a market capitalisation (market cap) of over US$1.2 trillion, through over 1,600 public listed companies.
In his keynote delivery at the 2018 World Capital Markets Symposium (WCMS), Najib said both him and Singapore's Prime Minister Lee had agreed that now is the ideal time to establish a market corridor connecting both countries’ stock exchanges.
Further, SGX said this is the first time that both SGX and Bursa Malaysia have come together to establish a network that will enable cross-border clearing and settlement of traded stocks.
"This is a unique opportunity to galvanise wider interest in listed companies and boost trading activity in both markets.
"We will utilise technology to implement an end-to-end solution that delivers a better and more efficient experience for market participants," SGX chief executive officer Loh Boon Chye said in a statement today.
The joint regulatory supervision and enforcement arrangements by MAS and SC will allow investors to use the trading link with confidence.
Each market will continue to be governed by its own listing, trading and clearing rules and regulations.
SGX and Bursa Malaysia will jointly work out the operational model and safeguards for the trading link.
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