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Money News

Singapore, Malaysia to set up stock market trading link by year-end

FILE PHOTO: An SGX sign is pictured at Singapore's stock exchange July 19, 2017. REUTERS/Edgar Su/File Photo

SINGAPORE (Reuters) - Singapore and Malaysia will set up a stock market trading link between Bursa Malaysia and the Singapore Exchange by the end of this year, regulators from both countries said in a joint statement on Tuesday.

“The trading link will allow investors to trade and settle shares listed on each other’s stock market in a more convenient and cost efficient manner,” the Monetary Authority of Singapore and the Securities Commission Malaysia said.

Reporting by Aradhana Aravindan

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