Categorized | Singapore Trading News

SGX offers corporate solutions to listed firms

The Singapore Exchange (SGX) has partnered with NASDAQ OMX, the world’s largest exchange, to provide a platform of corporate solutions to locally listed companies.

Called Corporate Solutions, the software – which helps to enhance corporate activities of firms – is available to all SGX-listed companies. The price will depend on the number of services subscribed to.

“We have seen a workflow process that has come together across these areas. The convergence of three key areas – the intelligence area which feeds into the investor relations communications areas, the corporate communications world, and of course the governance space,” said Dan Wadsworth, Vice President, Asia, Global Corporate Solutions, NASDAQ OMX.

In particular, SGX said the local market requires more investor relations support services as more public companies look to strengthen communication with the financial community and its shareholders.

Investor relations (IR) is the responsibility of public companies to provide accurate financial communication with its shareholders, financial analysts, and investors.

“As companies become more aware of what they need to do in the area of IR, they will be out there looking for enablers, looking for tools to do it better. Depending on companies, sometimes they may not want to do everything in-house, or they are unable to do it in-house for various reasons,” said Lawrence Wong, Head of Listings at SGX.

The local bourse added that smaller cap companies can put the spotlight on themselves by utilising the very same platforms which larger companies also capitalise on for exposure.

“So I don’t have to use big communications department. The whole process might not be too expensive if you know how to actually do it,” said Kenny Yap, Executive Chairman of Qian Hu.

Aside from streamlining the various channels of financial communication under one roof, investor relations tools can mean cost savings. This will benefit companies with low headcount and budget constraints.

Adapted from CNA (By Stella Lee).

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