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STOCKS | Staff Reporter, Singapore

SGX and NZX to jointly promote market development in Asia Pacific

They will partner to promote derivative products and exchange traded funds amongst other.

The Singapore Exchange (SGX) and New Zealand Exchange (NZX) today signed a memorandum of understanding (MOU) to expand their cooperation in Asia Pacific.

Under the MOU, SGX and NZX will jointly promote market development initiatives including the promotion of derivative products, dual and secondary listings, exchange traded funds, and investor participation.

“International collaborations will further SGX’s position as a leading global exchange and financial hub in Asia. We are pleased to work with NZX on areas of opportunities spanning both our securities and derivatives markets,” said SGX Chairman Kwa Chong Seng in a press release.

“As part of NZX’s refreshed strategy we made a strategic decision to shift our focus away from the regional stock exchange model, instead focusing on creating strong partnerships with global exchanges who are committed to generating opportunities for investors and issuers in their respective markets,” added NZX Chairman James Miller.

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