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SINGAPORE, Apr 27, 2012 - (ACN Newswire) - The CEOs of the ASEAN Exchanges, together in Singapore for the 16th ASEAN Exchanges CEOs meeting, today announced the ASEAN Trading Link is on track for a June 2012 launch. Bursa Malaysia and Singapore Exchange will be connected first with the Stock Exchange of Thailand added in August 2012.
Speaking on behalf of the ASEAN Exchanges, Magnus Bocker, Chief Executive Officer, Singapore Exchange said, "The collaborative decision of the member Exchanges to roll out the ASEAN Trading Link will mark our first key milestone towards breaking down the barriers to cross border trade in ASEAN."
"Through the trading link, investors in ASEAN will enjoy a new ease of access to a wider investment selection as well as tap the region's growth opportunities. The three bourses that will participate in the first stage of the ASEAN Trading Link represent approximately two-thirds of the USD2.1 trillion market capitalisation of the seven members of the ASEAN Exchanges," continued Mr. Bocker.
At the said meeting, the ASEAN Exchanges also formalised an agreement with FTSE to provide a range of ASEAN market data and analytics.
"ASEAN is an exciting capital market and investors need to be able to make informed decisions in a timely manner. The range of ASEAN analytics from FTSE will further enable more informed decisions about ASEAN investments which will help drive greater liquidity into our markets," said Mr. Bocker.
ASEAN Exchanges is in further talks with other world-class partners to help position ASEAN as a highly investable asset class.
"The developments announced today clearly reflect the strong collaboration amongst members of the ASEAN Exchanges to deliver on our plans to promote the growth of the ASEAN capital market by bringing more ASEAN investment opportunities to more people," Mr. Bocker said.
The 16th ASEAN Exchanges CEOs Meeting saw the participation of all collaboration member Exchanges as represented by Tajuddin Atan, CEO of Bursa Malaysia, Tra Le Hai, Senior Deputy CEO of Hochiminh Stock Exchange, Nguyen Vu Quang Trung, Deputy CEO of Hanoi Stock Exchange, Ito Warsito, President Director of Indonesia Stock Exchange, Rachelle Blanch, Vice President & Head, Market Operations of The Philippine Stock Exchange, Magnus Bocker, CEO of Singapore Exchange, and Charamporn Jotikasthira, President of the Stock Exchange of Thailand.
Contact:
Bursa Malaysia Berhad
Elaine Mariman
Group Communications
Tel : +603 2034 7668
Mobile : +6019 275-3171
Email : elaine@bursamalaysia.com
Hochiminh Stock Exchange
Nguyen Thi Viet Ha
Vice President, Researh & Development Department
Tel : +84-8 3821 7712 - 2101
Fax : +84-8 3821 7452
Mobile : +84 902 568 188
email : vietha@hsx.vn
Hanoi Stock Exchange
Nguyen Hoang Linh
Director, Strategy & International Cooperation Dept
Tel : +84-4 3941 2665
Fax : +84-8 39347818
Mobile : +84 9040 00989
email : linh@hnx.vn
Singapore Exchange Ltd
Loh Wei Ling
Vice President
Communications
Tel : +65 6236 8157
Mobile: +65 9176 2800
Email : loh.weiling@sgx.com
The Stock Exchange of Thailand
Ladawan Kantawong
Head, Corporate Communications Dept
Tel : +662-229-2036
E-mail : ladawan@set.or.th
Kanokwan Khemmalai
Deputy Head
Corporate Communications Dept
Tel : +662-229-2048
E-mail : kanokwan@set.or.th
Topic: Business Tieup
Source: ASEAN Exchanges
Sectors: Daily Finance, Daily News
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From the Asia Corporate News Network
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