Singapore Exchange and the New York Stock Exchange join forces for dual listings and ETFs

Singapore Exchange (OTC:SPXCY) Ltd (SGX) said on Friday that it would partner with the New York Stock Exchange to provide dual listing of companies on both exchanges. This will provide access to worldwide investment opportunities on the two largest marketplaces.

According to a joint statement, the two stock exchanges will also study the introduction of more exchange-traded funds (ETFs) and new environmental, social, and corporate governance (ESG) products and services.

"It seeks to develop a more integrated ecosystem to ease access to capital and the production of new investment solutions to suit the growing complexity of market participants' and investors' expectations," said SGX Chief Executive Officer Loh Boon Chye.

"Dual listings between the NYSE and SGX Group provide issuers with access to capital pools in significant markets outside of their home regions," the two bourses said.