SGX expects to be among first wave of Mifid II equivalence

Hong Kong should also benefit from acceleration in process of allowing trading on non-EU venues

“Singapore remains in the running for the first wave of equivalence,” says SGX's Jeth Lee

The Singapore Exchange (SGX) expects to be among the first non-European trading venues accessible to European Union firms when a key regulation goes live in January 2018, and Hong Kong may also be deemed eligible in time for next year.

Under Article 23 of the second Markets in Financial Instruments Directive (Mifid II) and the associated Markets in Financial Instruments Regulation, EU investment firms are required to trade shares available in the European Economic Area on only EEA-regulated