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Tuesday, 14 June 2011, 19:00 HKT/SGT

Source: ASEAN Exchanges
ASEAN Exchanges a Step Closer to Trading Interconnectivity

Singapore, Bangkok, Kuala Lumpur, Manila, June 14, 2011 - (ACN Newswire) - Four exchanges in ASEAN - Bursa Malaysia (BMB), The Philippine Stock Exchange (PSE), Singapore Exchange (SGX) and the Stock Exchange of Thailand (SET) - today said that they have made progress toward achieving interconnectivity amongst their respective markets as part of the broader ASEAN Exchanges Collaboration.

Today, the four exchanges have appointed SunGard as the technology provider of the business-to-business intra-ASEAN cross-border order routing and trading platform that 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.

Dato' Tajuddin Atan, Chief Executive Officer of Bursa Malaysia said: "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. This forms an integral part of the various initiatives in achieving the overall objective of the ASEAN Exchanges Collaboration to promote the growth of the ASEAN capital market."

"The ASEAN trading link will facilitate global trades especially for retail investors seeking a bigger exposure in a fast growing ASEAN market," said Mr Hans B. Sicat, President and CEO of PSE.

Mr Magnus Bocker, CEO of SGX, said, "We are pleased with the development of the ASEAN trading link which will enable investors to easily trade across markets in this region, the combined GDP growth of which is expected to average 6% annually across the ASEAN countries over the next 5 years. We expect this link will drive greater liquidity and investment mobility in ASEAN."

Mr Charamporn Jotikasthira, President of SET said, "Signing the agreement with SunGard today is another milestone achieved for the ASEAN link project. However, technology alone is not sufficient to make this project a success. The ASEAN Exchanges will work together on marketing initiatives to promote the ASEAN link and the ASEAN asset class. Among others, there will be a networking event to promote cross-border partnerships among ASEAN brokers in Phuket in July."

Mr Nasser Khodri, Asia Pacific managing director of SunGard's global trading business, said, "This important initiative represents a key milestone on the road to an integrated ASEAN capital market, and we are delighted to be chosen as a partner in this key initiative for the region."

About ASEAN Exchanges

ASEAN Exchanges is a collaboration of seven exchanges from Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. 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 goal of the collaboration is to bring more ASEAN investment opportunities to more people as well as enhance liquidity amongst members of the collaboration.

ASEAN Exchanges' CEOs comprise Dato' Tajuddin Atan of Bursa Malaysia Berhad, Dr. Tran Dac Sinh of Hochiminh Stock Exchange, Mr. Tran Van Dzung of Hanoi Stock Exchange, Mr. Ito Warsito of Indonesia Stock Exchange, Mr. Hans B. Sicat of The Philippine Stock Exchange, Mr. Magnus Bocker of Singapore Exchange, and Mr. Charamporn Jotikasthira of the Stock Exchange of Thailand. For more information, please visit

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June 14, 2011 19:00 HKT/SGT
Source: ASEAN Exchanges

Topic: Production report
Sectors: Daily Finance, Daily News
From the Asia Corporate News Network

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