Singapore Exchange (SGX) has said that starting 22 October 2010 it will quote American Depositary Receipts (ADRs) of 19 major Asian companies on its new GlobalQuote board.
SGX-quoted ADRs will enable investors to act on news-flow about these companies during Asian hours.
ADRs quoted on GlobalQuote will also provide investors with round-the-clock trading opportunities as they are fully fungible with US-listed ADRs, said the exchange.
The launch of the trading of these 19 ADRs marks the start of cooperation between SGX and Nasdaq OMX to bring ADR quotations to GlobalQuote, thereby linking up market participants across both trading pools.
SGX plans to add more ADRs onto GlobalQuote in near future.