ASEAN stock exchanges to start cross-border trading by 2012
14 Jun 2011
The intra-group ASEAN Exchanges is expected to be ready for trading by next year.
The four main stock exchanges in the Association of South East Asian Nations grouping - Bursa Malaysia (BMB), The Philippine Stock Exchange (PSE), Singapore Exchange (SGX) and the Stock Exchange of Thailand (SET) - today announced plans to interconnect amongst their respective markets as part of the broader ASEAN market collaboration.
SunGard has been appointed as the technology provider of the business-to-business intra-ASEAN cross-border order routing and trading platform.
Once completed, the platform will electronically connect the markets of participating exchanges and allow investors and broker members to access multiple markets via a single connection.
The platform is expected to go "live" by the end of the first quarter of 2012, ASEAN said in a press release.
"The ASEAN trading link is an important development in enabling our markets to create greater ASEAN investment mobility amongst intermediaries, namely the broker members and information vendors.
