Singapore's bid to bring trading in US stocks to Asian hours has made a slow start, with competing products and cautious investors keeping volumes subdued and highlighting the challenges regional exchanges face in capturing demand for round-the-clock US equity trading.
The Singapore Exchange launched its first three US stocks under its Singapore Depository Receipts (SDR) programme in July. The initial offerings covered Grab, Sea Ltd and SpaceX, with the shares traded in Singapore dollars during local market hours.