Singapore Exchange (SGX) says it has secured dedicated market makers for the trading of Prudential PLC (Prudential) shares at their May 25 listing on the Mainboard.

SGX says the market makers will provide two-way bid/offer quotes to enhance liquidity. The bourse expects to have a pool of liquidity providers committed to trade the shares. Prudential shares will also be added to the Central Depository share borrowing facility. Research on Prudential will be made available in Singapore.

In addition, Macquarie Bank will list a call warrant on Prudential shares listed on SGX. The call warrant has an exercise price of US$8 ($11.3), and will start trading at around the same time as the underlying shares.

The counter will trade under the name “Pru 500 US$” and the abbreviated name “Pru500”. It will trade in board lot size of 500 shares and be quoted in US dollars. On its listing day, investors may enter and manage trade orders from 9.30 am and trade matching will start at 10.00 am.

Thereafter, Prudential shares will trade during SGX’s regular trading hours.