Singapore Exchange to Start Dual-Currency Trades in April
This article is for subscribers only.
Singapore Exchange Ltd. will allow securities, including stocks and exchange-traded funds, to be listed in dual currencies starting next month.
Companies and ETF providers will be able to choose a combination from among the currencies of Singapore, Hong Kong, Australia and the U.S, SGX spokeswoman Loh Wei Ling told Bloomberg News via e-mail today. Investors will be able to buy and sell the security in either currency, with all units held in the same depository pool, the exchange said.