The technology partnership will allow firms to pursue their global ambitions.
In a development of widespread implications, Nasdaq Inc has announced the signing of a pact with
Singapore Exchange Ltd which will allows firms to tap both stock exchanges simultaneously under the two exchange operators’ namesake exchanges.
The deal is expected to significantly help fast growing Asian companies to pursue their global dreams and register on Nasdaq, following their listing on SGX, said Loh Boon Chye , SGX’s chief executive in a statement.
With both exchanges already having an existing long term technology partnership pact, the duo are now gauging how many companies could seek a sequential or a concurrent listing on both exchanges, said, Nasdaq and SGX in a statement.