FT News Briefing cover image

FT News Briefing

Can Singapore remain Asia’s ‘safe haven’?

Sep 19, 2023
09:46
Snipd AI
Competition between NASDAQ and NYSE for new listings, hedge funds' bets against the US Treasury market, concerns over market stability, influx of wealthy Chinese business people in Singapore, impact on Singapore's neutrality, big companies like Alibaba and Tencent opening in Singapore, and upcoming student loan payments in the US.
Read more

Podcast summary created with Snipd AI

Quick takeaways

  • The competition between NASDAQ and the New York Stock Exchange for new listings is heating up with Instacart's expected IPO, highlighting factors like services, reputation, and fees as crucial considerations for companies.
  • The basis trade engaged by hedge funds, involving short positions in futures contracts for US Treasuries, has caused market upheavals in the past, leading central banks to worry about potential instability during times of market stress.

Deep dives

Battle Between NASDAQ and New York Stock Exchange for Listings

Instacart, the US online grocery delivery company, is expected to launch its IPO on NASDAQ, raising about $660 million. This will further intensify the competition between NASDAQ and the New York Stock Exchange for new listings. Companies choose between the two based on factors like services, reputation, and fees. While these listings are a source of prestige for the exchanges, they also bring in substantial revenue through listing fees and annual charges.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode