In a statement, the Philippines Stock Exchange (PSE) said the link will hew an electronic path for Bursa Malaysia (BM), PSE, Singapore Exchange (SGX), and Stock Exchange of Thailand (SET), with “the design study of the technology framework for the ASEAN trading link" having been completed.
The study was completed in cooperation with New York Stock Exchange Technologies, a leading provider of end-to-end trading solutions.
“The ASEAN Trading Link aims to electronically interconnect the participating markets and facilitate cross border order trading seamlessly," the PSE said.
“Depending on the selected vendor, it is expected that the link will go live toward the end of 2011," it added,
“None of the ASEAN exchanges is individually large, but together they will have the scale and liquidity to be globally competitive," according to the Asian Development Bank’s financial sector and public management director for Southeast Asia, Jaseem Ahmed.
Based on end-2010 figures, the combined market capitalization of the four stock exchanges amounted to $1.49 trillion For the latest updates PRESS CTR + D or visit Stock Market news Today
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