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Wednesday, October 20, 2010

Equity Trader Alert #2010 - 65
NASDAQ OMX and SGX Cooperate to Bring ADR Quotations for 19 Major Asian Companies to the SGX GlobalQuote Board, Beginning October 22, 2010

Markets Impacted:

Contact Information:

What you need to know:

  • Beginning Friday, October 22, 2010, NASDAQ OMX® and SGX are partnering to bring trading of 19 major Asian companies with American Depositary Receipts (ADRs) to Asia via SGX GlobalQuote.
  • NASDAQ OMX’s cooperation with the Singapore Exchange (SGX) provides the opportunity to manage positions in these U.S. ADRs during Asian market hours.

What will be offered?

Beginning Friday, October 22, 2010, NASDAQ OMX and SGX are partnering to bring trading of 19 major Asian companies with ADRs to Asia via SGX GlobalQuote. The result of a unique venture between NASDAQ OMX and SGX, SGX GlobalQuote provides the opportunity to manage positions in U.S. ADRs during Asian market hours with effectively round-the-clock trading power.

What are the benefits of this new offering?

The benefits of trading ADRs listed on SGX GlobalQuote are as follows:

  • The ability to trade on Asian news ahead of the U.S. market open
  • Fungibility between ADRs on GlobalQuote and:
    • ADRs on U.S. exchanges
    • Common shares in overseas markets, if any
  • Full clearing services for screen and OTC block trades
  • Guaranteed stock and cash settlement by CDP
  • Low cost
    • No conversion fee to transfer ADRs between U.S. and SGX
    • A flat fee per transfer between U.S. and SGX
    • Lower custody cost compared to most Asian markets
  • Availability of market makers ensures competitive quotes
  • USD denominated

How do I trade ADRs on SGX?

To trade on SGX, firms will need to be an SGX member, or secure the services of a Member to introduce their orders onto GlobalQuote.

For more information on how to trade ADRs on SGX GlobalQuote and for a list of ADRs quoted on GlobalQuote, refer to SGX’s fact sheet.

Where can I find additional information?

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