Thursday, May 12, 2011

SGX will Add Eight More ADRs to GlobalQuote

Singapore Exchange (SGX) will add eight more American Depository Receipts (ADR) to its GlobalQuote board on May 18.

All the ADRs are fungible with those listed in the US and allow investors, for the first time, to manage their exposure to these companies around the clock.

Five of these ADRs are of major Japanese companies including Toyota Motor Corporation, Mitsubishi UFJ Financial Group, Mizuho Financial Group, NTT DoCoMo, and Wacoal Holdings.

Two of the new ADRs are from Chinese companies Focus Media Holdings Ltd and JA Solar Holdings Ltd.

South Korean steelmaking giant POSCO has also been added.

“Our increasingly diverse ADR suite enables customers to manage risk and trade across several time zones with ease and at competitive cost,” Chew Sutat, Head of Securities at SGX, said in a statement.

“Recent market events underline the importance of this flexibility and SGX looks forward to bringing more of such products to customers,” he added.

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