SET joins hands with SGX Group to move forward the Thailand-Singapore DR Linkage project

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BANGKOK (SET) - The Stock Exchange of Thailand (SET) and Singapore Exchange Limited (SGX Group) have further strengthened investment links, expanding opportunities for investors to access securities of both countries via depositary receipt (DR), under the collaborative project called Thailand-Singapore DR Linkage.

 

SET President Pakorn Peetathawatchai said: “The Thailand-Singapore DR Linkage is the first exchange-level DR cooperation in ASEAN, facilitating Thai investors to access Singapore securities directly via Thai stock exchange in local currency using their existing trading accounts, and vice versa. This marks the first milestone in our journey towards a more integrated and accessible ASEAN exchange market, enabling investors to trade ASEAN stocks via DR seamlessly across the entire region. We will continue to foster bilateral relationships with other exchanges in ASEAN to support the development of DR linkage.”

 

SGX Group Chief Executive Officer Loh Boon Chye said: “We are delighted that our DR Link with SET has successfully seen three SET-listed underlying DRs and one SGX-listed underlying DR introduced on SGX and SET respectively, with more to come in the pipeline. Collaboration between ASEAN exchanges amplifies the competitiveness of the region which is essential for its sustained growth. The DR Link is a significant milestone that reflects the commitment between SGX Group and SET to enhance synergies between our markets. I look forward to deepening our relationship with SET and unveiling more products through this link so we can unlock more opportunities for investors.”

 

Full story: NNT 2023-11-27

 

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