ID :
188634
Wed, 06/15/2011 - 05:14
Auther :
Shortlink :
https://oananews.org//node/188634
The shortlink copeid
ASEAN EXCHANGES A STEP CLOSER TO TRADING INTERCONNECTIVITY
Four stock exchanges under the Asean Exchanges Collaboration today made further progress toward achieving interconnectivity between their respective markets by appointing SunGard as the technology provider.
The four exchanges are Bursa Malaysia Bhd, The Philippine Stock Exchange (PSE), Singapore Exchange (SGX) and the Stock Exchange of Thailand (SET).
The other members of the exchanges collaboration are from Indonesia and Vietnam.
SunGard would provide the business-to-business intra-Asean cross-border order routing and trading platform that electronically connect the markets of the participating exchanges, a statement issued by the members of the Asean Exchanges said here Tuesday.
It said the platform will allow investors and broker members to access multiple markets via a single connection and was expected to go 'live' by the end of the first quarter of 2012.
The collaboration aims to promote the growth of the Asean capital market by driving cross-border collaboration, streamlining access to Asean, creating Asean centric products and implementing targeted promotional initiatives.
"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," Bursa Malaysia's Chief Executive Officer Tajuddin Atan said.
The four exchanges are Bursa Malaysia Bhd, The Philippine Stock Exchange (PSE), Singapore Exchange (SGX) and the Stock Exchange of Thailand (SET).
The other members of the exchanges collaboration are from Indonesia and Vietnam.
SunGard would provide the business-to-business intra-Asean cross-border order routing and trading platform that electronically connect the markets of the participating exchanges, a statement issued by the members of the Asean Exchanges said here Tuesday.
It said the platform will allow investors and broker members to access multiple markets via a single connection and was expected to go 'live' by the end of the first quarter of 2012.
The collaboration aims to promote the growth of the Asean capital market by driving cross-border collaboration, streamlining access to Asean, creating Asean centric products and implementing targeted promotional initiatives.
"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," Bursa Malaysia's Chief Executive Officer Tajuddin Atan said.
