Singapore, Malaysia Agree to New Stock Exchange Trading Link

System will also cover cross-border clearing and settlement
Move comes months after a regional connect system was shut

Stock prices are displayed on a board in the trading gallery at the RHB Investment Bank Bhd. headquarters in Kuala Lumpur, Malaysia, on Monday, July 21, 2014. CIMB Group Holdings Bhd. said it received central bank approval to begin merger discussions with RHB Capital Bhd. and Malaysia Building Society Bhd. to create the country’s biggest banking group by assets.Photographer: Brent Lewin/Bloomberg

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By Andrea Tan and Pooi Koon Chong

February 6, 2018 at 2:21 AM UTC

Updated on

February 6, 2018 at 9:25 AM UTC

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Singapore and Malaysia unveiled a plan to create a trading link that allows each country’s investors to access the other’s stock market.

The news was announced by Malaysian Prime Minister Najib Razak at a Securities Commission conference in Kuala Lumpur on Tuesday. The link will be established by the end of the year, he said. Singapore and Malaysia’s regulators and national exchanges will work on the arrangements for the system, which will connect markets with more than $1.2 trillion in value and about 1,600 listed companies.