SGX Group and the New York Stock Exchange to Collaborate in Dual Listing of Companies and More

Singapore Exchange (SGX Group) and the New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, announced today the signing of a new agreement to collaborate on the dual listing of companies on both exchanges and work together in a number of other key areas focused on the capital markets.

This collaboration represents an important initiative for both markets. In a virtual ceremony today, SGX Group Chief Executive Officer Loh Boon Chye and NYSE President Lynn Martin signed a memorandum of understanding outlining the terms of the agreement. The collaboration between the two exchanges focuses on the following areas:

• Dual listing of companies on SGX Group and NYSE

• Identifying and developing new ESG products and services

• Supporting index product development at SGX Group and NYSE affiliate ICE Data Indices

• Exploring new ETF products

Loh Boon Chye, CEO of SGX Group, said: "This agreement underscores SGX Group and NYSE's joint interest in driving greater collaboration between the two exchanges. It aims to create a more connected ecosystem to facilitate access to capital and the development of new investment solutions to address growing complex needs of market participants and investors."   

Lynn Martin, NYSE President, said: "This collaboration between NYSE and SGX Group creates an important new connection between two of the world's most exciting regions and two of its most innovative stock exchanges. Our agreement will bring issuers access to greater opportunity as well as drive the development of new products in high-demand areas such as ESG. We look forward to working together with SGX Group to further advance our global capital markets."