ASEAN Exchanges appoint NYSE Technologies as solution provider for ASEAN Trading Link

Four ASEAN exchanges, namely Bursa Malaysia (BM), the Philippine Stock Exchange (PSE), Singapore Exchange (SGX) and the Stock Exchange of Thailand (SET) signed a Letter of Intent with NYSE Technologies today, appointing it as a solution provider to commence the design of the technology solution for the ASEAN Trading Link. Prior to this, the Exchanges have conducted and completed a comprehensive selection process to evaluate the suitability of vendors that will deliver the technology solution for the development of the ASEAN Trading Link. The Trading Link will interconnect electronically the participating equities markets and help facilitate cross border order routing and trading. Investors and members of the participating ASEAN Exchanges will be able to trade multiple ASEAN markets from their domicile countries. With this link, participating ASEAN Exchanges can connect to external order routing networks to attract new order flows into the ASEAN equities market. The signing ceremony took place at the 10th ASEAN Exchanges CEOs Meeting in Manila on 8 February 2010, which was hosted by the PSE. PSE President and Chief Executive Officer, Mr Francisco Ed. Lim described the appointment of NYSE Technologies as a significant milestone towards realising the Exchange Alliance’s strategic framework that supports the establishment of an integrated ASEAN capital market. He said, “As the host of the 10th ASEAN Exchanges CEOs Meeting and on behalf of the participating Exchanges, I am pleased to announce the selection of NYSE Technologies as the vendor of choice for the ASEAN Trading Link. They bring to the table vast experience in the Exchange solutions business and we are confident that they will deliver cutting edge solutions that meet all our requirements. We are also excited about the possibilities of leveraging on their extensive order routing networks to bring order flow into the ASEAN markets.” “My colleagues at NYSE Euronext and I greatly value the opportunity to provide our leading-edge technology and proven expertise to this historic initiative in an increasingly important part of the world,” said Mr Duncan L. Niederauer, Chief Executive Officer, NYSE Euronext. “The ASEAN Trading Link will strengthen the competitiveness of the member exchanges and enable them to better serve their customers. National and regional interest will be well served by giving investors greater access to global capital to facilitate new development, growth and wealth creation.”

• ข่าวPhilippine Stock Exchange
• ข่าวSingapore Exchange
• ข่าวBursa Malaysia
• ข่าวthe technology
• ข่าวen