SGX and SET to Further Cooperation by Launching Thailand-Singapore DR Linkage

The Singapore Exchange (SGX) and the Stock Exchange of Thailand (SET) are furthering ASEAN's securities market partnership with the expected upcoming launch of the Thailand-Singapore DR (depository receipts) Linkage in the coming 12 months. This is the first exchange-level DR cooperation in ASEAN, bringing investors unparalleled access and efficiency to the region’s growth markets.

According to the announcement, under the Thailand-Singapore DR Linkage, depository receipts representing shares in an SGX-listed security will be issued for trading on SET and vice versa. Investors in Thailand and Singapore will benefit from the ease of buying and selling securities via a DR through their local broker arrangements and in their domestic currency. The DR will trade in accordance to their respective home market rules and regulations.

The collaboration meets rising demand from market participants in both countries for more choice in their investments, playing to the respective sectoral strengths. It take advantage on existing market infrastructure and ecosystems to achieve greater connectivity between the two markets – the biggest among the 10 economies that form ASEAN.

“We have been partners with the SET for many years and the Thailand-Singapore DR Linkage will enable us to build scale together and set a blueprint for future regional collaboration”, said Loh Boon Chye, Chief Executive Officer of SGX. “It raises ASEAN’s profile and offers investors enhanced access with unmatched efficiency. By harnessing each other’s capabilities, we can bring greater connectivity not only across borders but across multiple asset classes.”