SGX lines up market participants to promote liquidity

SGX eyes creating pool of liquidity providers committed to trade Prudential shares in May 25 listing.

Singapore Exchange (SGX) on Friday said it has secured dedicated market makers for the trading of Prudential PLC (Prudential) shares at their 25 May 2010 listing on SGX, according to an SGX report.

The market makers will provide two-way bid/offer quotes to enhance liquidity. SGX expects to have a pool of liquidity providers committed to trade the shares. Prudential shares will also be added to the Central Depository share borrowing facility. Research on Prudential will be made available in Singapore.

In addition, Macquarie Bank will list a call warrant on Prudential shares listed on SGX. The call warrant has an exercise price of US$8.00, and will start trading at around the same time as the underlying shares.

The counter will trade under the name “Pru 500 US$” and the abbreviated name “Pru500.” It will trade in board lot size of 500 shares and be quoted in US dollars. On its listing day, investors may enter and manage trade orders from 9:30 am and trade matching will start at 10:00 am. Thereafter, Prudential shares will trade during SGX's regular trading hours.

Mr. Lawrence Wong, Executive Vice President and Head of Listings at SGX said, "SGX has received strong support from our market participants for this listing. These collaborative efforts will promote an active trading environment for Prudential shares."

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia