Singapore Exchange (SGX) said it had signed a collaborative agreement with Nasdaq Inc, in a move to leverage their strengths as the leading listings venues in the U.S. and Asia.
The new agreement seeks to enhance the channels available for companies to access capital market funding and enhance their corporate profile in both markets, SGX said in a statement on Wednesday.
As part of the agreement, Nasdaq and SGX are currently exploring the demand among corporates for a concurrent or sequential listing on both exchanges, it said.
"Fast-growing Asian companies looking to tap the capital markets can choose to list on SGX on Asian home ground, and embark on a listing on Nasdaq as they expand their business globally," said Loh Boon Chye, CEO, SGX.
Both parties are also reviewing the feasibility of bringing Nasdaq's International Designation program to existing SGX-listed companies that wish to enhance their corporate profile and tap the investor base in the United States, SGX said.
Discussions are also underway to cross-promote Nasdaq and SGX's marketing activities in North America and Asia, SGX added.
SGX has also started exploring the feasibility of streamlining the listing processes of both exchanges to create a more efficient pathway for companies seeking a listing in both venues.