By: Tien Yu-pin and Evelyn Kao
Taipei, March 27 (CNA) Taiwan-based Global Link Securities Co. Ltd., a wholly owned subsidiary of the Taiwan Stock Exchange (TWSE), has secured membership in the Singapore Exchange (SGX), becoming the 27th trading member in Singapore’s securities market, the TWSE said Sunday.
The admission of Global Link Securities marks a big stride forward toward cooperation between the SGX and the TWSE and makes the Taiwanese company the first remote trading member in SGX’s securities market.
The move to obtain SGX membership for Global Link Securities has paved the way for Taiwanese investors to place orders to trade stocks in Singapore, the TWSE said.
Trading of SGX listed securities by Taiwanese investors through Global Link is expected to begin in the second quarter of this year. [FULL STORY]