SGX may be in focus after inking deal with New Zealand’s Exchange

Singapore one dollar bill

Shares of Singapore Exchange may be in focus after the company said it inked a deal to expand cooperation with New Zealand’s exchange in Asia-Pacific markets.

Under the deal, NZX and SGX will develop initiatives, including promoting derivatives products, dual and secondary listings, exchange-traded funds and investor participation, the two exchanges said in a filing to SGX on Wednesday. The two exchanges also will share information and partner on green finance and sustainability issues, the filing said.

“International collaborations will further SGX’s position as a leading global exchange and financial hub in Asia,” SGX Chairman Kwa Chong Seng said in an SGX filing on Wednesday.

Shares of SGX ended Tuesday up 0.13 percent at S$7.48.