The stock exchanges of New Zealand and Singapore inked an agreement to broaden their cooperation in Asia-Pacific markets.
Through a memorandum of understanding the New Zealand Stock Exchange (NZX) and its Singapore counterpart SGX aim to promote market development initiatives.
These will include promotion of derivatives products, dual and secondary listings, exchange traded funds and investor participation, NZX said in a statement on Wednesday.
Scaling Up
The Singapore exchange unveiled a plan last month to create a trading link with its Malaysian opposite number that allows each country’s investors to access the other’s stock market.
The Monetary Authority of Singapore and the Securities Commission Malaysia in an announcement on February 6 said they will work together with the two exchanges to establish the link.
