Singapore Exchange, operator of the city’s derivatives and securities exchange, will quote the American depositary receipts of 19 Asian companies starting Oct. 22 in an effort to boost volumes.

“Our ADR offering gives customers new opportunities to act quickly on information and news-flow on major Asian companies,” Magnus Bocker, chief executive officer of the Singapore Exchange, said in a statement. The initiative will help “reinforce SGX’s Asian Gateway proposition as a preferred venue for international issuers and investors.”

 

Shares of Singapore Exchange climbed 3.2% to $8.18 as of 4:26 p.m., heading for its highest close since April 30. The introduction of ADRs could boost the Singapore bourse’s trading volumes by about 5%, Harsh Wardhan Modi, an analyst at JPMorgan Chase & Co. in Singapore, wrote in a note.

 

The partnership is the second between the operator of the Singapore bourse and Nasdaq OMX Group Inc., Bocker’s former employer. Nasdaq OMX is supplying a new system to Singapore Exchange that will introduce the world’s fastest trading platform by the first quarter of next year. Bocker, who was previously president of Nasdaq OMX, joined the Singapore Exchange in December.

 

Nine of the companies listing their ADRs in Singapore are not listed on Asian exchanges, including Baidu Inc., operator of China’s largest Internet search engine, and Suntech Power Holdings Co., China’s largest producer of solar-power modules, according to the statement. The shares will be traded on the Singapore Exchange’s new GlobalQuote trading platform, which aims to add more ADRs, it said.

 

The nine companies without an Asian listing are “more promising to us,” JPMorgan’s Modi said, noting that companies had average daily trading volume of $1.1 billion in the past three months.