ASEAN Exchanges a step closer to trading interconnectivity

Four ASEAN Exchange members today said that they have made progress toward achieving interconnectivity between ASEAN markets. The four members – Bursa Malaysia (BMB), The Philippine Stock Exchange (PSE), Singapore Exchange (SGX) and the Stock Exchange of Thailand (SET) – today appoint SunGard as the technology provider of the business-to-business intra-ASEAN trade connectivity platform that will facilitate cross-border order routing and trading, thus helping investors and members access multiple ASEAN markets via a single connection. This initiative will electronically connect the markets of participating exchanges and allow investors and Members to access multiple markets via a single connection. The platform is expected to go “live” by the first quarter of 2012. “The ASEAN trading link will facilitate global trades especially for retail investors seeking a bigger exposure in a fast growing ASEAN market,” said Mr Hans B. Sicat, President and CEO of PSE. Mr Magnus Bocker, CEO of SGX, said, “We are pleased with the development of the ASEAN trading link which will enable investors to easily trade across markets in this region, the combined GDP growth of which is expected to average 6% annually across the ASEAN countries over the next 5 years. We expect this link will drive greater liquidity and investment mobility in ASEAN.” Mr Charamporn Jotikasthira, President of SET said, "Signing the agreement with SunGard today is another milestone achieved for the ASEAN link project. However, technology alone is not sufficient to make this project a success. The ASEAN Exchanges will work together on marketing initiatives to promote the ASEAN link and the ASEAN asset class. Among others, there will be a networking event to promote cross-border partnerships among ASEAN brokers in Phuket in July." Mr Nasser Khodri, Asia Pacific Managing Director of SunGard’s global trading business said, “This important initiative represents a key milestone on the road to an integrated ASEAN capital market, and is at the very heart of SunGard’s global trading strategy. SunGard’s solutions facilitate cross-border trading, help investors access trading venues efficiently, and provide market participants with full transparency and better control over the transaction process. We are delighted to partner with the ASEAN Exchanges in this key initiative for the region.” For more information, please contact S-E-T Call Center 0 2229 2222

• ข่าวPhilippine Stock Exchange
• ข่าวSingapore Exchange
• ข่าวBursa Malaysia
• ข่าวthe technology
• ข่าวo:eco