Report
SGX signs agreement with Philippine Stock Exchange to explore offerings
The Business Times, citing Reuters, reports the exchanges will explore depository receipts, themed ETFs and derivatives.
TLDR
The Business Times, citing Reuters, reports that SGX Group said on October 22 it signed an agreement with the Philippine Stock Exchange to explore depository receipts, ETFs built around themes relevant to both markets, and derivatives. SGX already offers depository receipts for Thai, Hong Kong and Indonesian stocks. Its receipts for US stocks have struggled to attract trades, the report says.
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