Asean Trading Link goes live
19 September 2012 Kuala Lumpur
Image: Shutterstock
The Asean Exchanges trading link is now open. The link, established to provide a single access point to make cross-border trading more accessible, went live on 18 September connecting Bursa Malaysia and the Singapore Exchange.
Asean Exchanges is a collaboration of seven exchanges from Indonesia, Malaysia the Phillipines, Singapore, Thailand and Vietnam. Asean Exchanges hopes to promote the Asean capital market by streamlining access to Asean, driving cross-border collaboration and implementing targeted promotional initiatives.
Dato鈥� Tajuddin Atan, CEO of Bursa Malaysia said: 鈥淭he Asean Trading Link marks the first key milestone for Asean Exchanges towards breaking down the barriers to cross-border trade in Asean. The Asean Trading Link is an excellent conduit to tap the region鈥檚 growth opportunities as it allows investors an easy access to a wider investment selection across the connected markets.鈥�
The Asean Trading Link allows brokers from participating exchanges to trade shares on other participating markets. Investors will now be able to buy and sell shares across the Asean connected markets of Malaysia and Singapore.
Thailand stock exchange is set to join the trading link next month.
鈥淭he three markets, Malaysia, Singapore and Thailand, serve as the foundation of the Asean Trading Link providing a single entry-point access to three of the largest stock markets of the Asean Exchanges collaboration. Jointly these three markets offer nearly 3,000 listed companies with a market capitalisation of 1.4 trillion (USD). Together they account for some 70 percent of the total market capitalisation of Asean,鈥� said Atan.
31 Brokers from across Malaysia, Singapore and Thailand, have already joined the Asean Trading Link, including CIMB and Maybank.
On the banks involvement Atan commented:
鈥淚mportantly, we are pleased to have the commitment of two of Asean鈥檚 leading investment banks, namely CIMB investment bank and Maybank investment bank, as this sends out a strong message that the large market players are certainly on board and view the Asean Trading Link as a veritable tool to grow their business across Asean and ultimately, bring greater liquidity in to the Asean capital market. Inevitably, our listed companies would also benefit from greater international exposure to regional investors and increased liquidity.鈥�
The Asean Trading Link uses SunGard鈥檚 trading technology, which aims to reduce business costs and improve trading connectivity.
Managing Director of SunGard鈥檚 capital markets business, Asia Pacific, Nasser Khodri said: 鈥淭he Asean Trading Link will help address increasing demand for cross-border investment. SunGard鈥檚 proven solutions and deep knowledge of the Asean region is helping both Asean and international investors to easily trade on the connected exchanges.鈥�
Asean Exchanges is a collaboration of seven exchanges from Indonesia, Malaysia the Phillipines, Singapore, Thailand and Vietnam. Asean Exchanges hopes to promote the Asean capital market by streamlining access to Asean, driving cross-border collaboration and implementing targeted promotional initiatives.
Dato鈥� Tajuddin Atan, CEO of Bursa Malaysia said: 鈥淭he Asean Trading Link marks the first key milestone for Asean Exchanges towards breaking down the barriers to cross-border trade in Asean. The Asean Trading Link is an excellent conduit to tap the region鈥檚 growth opportunities as it allows investors an easy access to a wider investment selection across the connected markets.鈥�
The Asean Trading Link allows brokers from participating exchanges to trade shares on other participating markets. Investors will now be able to buy and sell shares across the Asean connected markets of Malaysia and Singapore.
Thailand stock exchange is set to join the trading link next month.
鈥淭he three markets, Malaysia, Singapore and Thailand, serve as the foundation of the Asean Trading Link providing a single entry-point access to three of the largest stock markets of the Asean Exchanges collaboration. Jointly these three markets offer nearly 3,000 listed companies with a market capitalisation of 1.4 trillion (USD). Together they account for some 70 percent of the total market capitalisation of Asean,鈥� said Atan.
31 Brokers from across Malaysia, Singapore and Thailand, have already joined the Asean Trading Link, including CIMB and Maybank.
On the banks involvement Atan commented:
鈥淚mportantly, we are pleased to have the commitment of two of Asean鈥檚 leading investment banks, namely CIMB investment bank and Maybank investment bank, as this sends out a strong message that the large market players are certainly on board and view the Asean Trading Link as a veritable tool to grow their business across Asean and ultimately, bring greater liquidity in to the Asean capital market. Inevitably, our listed companies would also benefit from greater international exposure to regional investors and increased liquidity.鈥�
The Asean Trading Link uses SunGard鈥檚 trading technology, which aims to reduce business costs and improve trading connectivity.
Managing Director of SunGard鈥檚 capital markets business, Asia Pacific, Nasser Khodri said: 鈥淭he Asean Trading Link will help address increasing demand for cross-border investment. SunGard鈥檚 proven solutions and deep knowledge of the Asean region is helping both Asean and international investors to easily trade on the connected exchanges.鈥�
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