Published: February 02, 2011
ASEAN Exchanges Complete Technology Design Study of Trading Link
Singapore, Feb 2, 2011 - (ACN Newswire) - Four ASEAN Exchanges, namely Bursa Malaysia (BM), the Philippine Stock Exchange, Inc. (PSE), Singapore Exchange (SGX) and the Stock Exchange of Thailand (SET) working together with NYSE Technologies, today said the design study of the technology framework for the ASEAN Trading Link has been completed.
Shortlisted vendors who are able to provide the infrastructure have been invited to tender.
The ASEAN Trading Link aims to electronically interconnect the participating markets and facilitate cross border order trading seamlessly. Depending on the selected vendor, it is expected that the link will go live toward the end of 2011.
About Bursa Malaysia (BM)
Bursa Malaysia Berhad is a public company limited by shares under the Companies Act 1965. Bursa Malaysia is an approved exchange holding company under Section 15 of the Capital Markets and Services Act 2007. Other companies in the Bursa Malaysia Berhad Group of companies include a stock exchange, a derivatives exchange, anoff-shore international financial exchange, equity and derivatives clearing houses, a central depository, an information services provider and an Information Technology services provider.
Bursa Malaysia Securities Berhad, a wholly-owned subsidiary of Bursa Malaysia Berhad, is an approved stock exchange under Section 8 of the Capital Markets and Services Act 2007. For more information, please visit Bursa Malaysia's website: www.bursamalaysia.com.
About Philippine Stock Exchange (PSE)
The Philippine Stock Exchange, Inc. owns and operates the only stock exchange in the Philippines. It was incorporated in 1992 following the merger of the Manila Stock Exchange and the Makati Stock Exchange. The Securities and Exchange Commission granted the company the status of self regulatory organisation in 1998.
In 2001, or a year after the Securities Regulation Code of 2000 was enacted, the PSE was reorganized and transformed from a non-stock, member-governed organization into a shareholder-based, revenue-generating corporation. On December 15, 2003, PSE shares were listed by way of introduction. As of end December 2010, the PSE has 253 listed firms with a combined market capitalization of US$202 billion. It has 133 active trading participants. For more information, please visit PSE's website: www.pse.com.ph
About The Stock Exchange of Thailand (SET)
The Stock Exchange of Thailand (SET) commenced its trading operation in 1975. In additional to equity products, SET offers investors an opportunity to buy and sell bonds over the Bond Electronic Exchange (BEX), as well as derivatives, which are traded on the Thailand Futures Exchanges (TFEX). As of end-December 2009, the market capitalization stood at THB 5,912 billion (USD 177 billion), with 663 securities listed.
SET services investors and other market participants with fully computerized trading systems and aims to enhance the efficiency of market infrastructure to continually meet international standards. The Exchange also emphasizes promoting corporate governance amongst market participants and adopting best international practices to enhance the market's efficiency, transparency and performance. Visit SET's website at www.set.or.th.
About Singapore Exchange (SGX)
Singapore Exchange (SGX) is among the world's largest exchanges and Asia's second largest listed exchange. As the Asian gateway, SGX is the market of choice for investors wanting to participate in Asia's vibrant and rapidly growing economies, and for Asian issuers seeking international capital.
SGX's extensive suite of securities, derivatives and commodities products makes it Asia's most international exchange. SGX's services range from listings, trading, high-speed market access, clearing and settlement to depository services and Central Counter Party services for OTC traded derivatives. With the region's longest trading hours, and powered by cutting-edge technology, SGX is the unparalleled conduit for investment flows into and out of Asia. For more information, please visit www.sgx.com
Source: Singapore Exchange (SGX)
Contact:
BM
Geeta Balakrishnan
Head, Group Communications
Tel +603 2034 7374
Mobile: +6012 389 6240
Email: geetabalakrishnan@bursamalaysia.com
SET
Ladawan Kantawong
Head, Corporate Communications Dept
Tel : +662-229-2036
Fax : +662-359-1004-6
E-mail : ladawan@set.or.th
PSE
Elizabeth Lacson
Head, Public & Investor Relations Section
Tel. No. +632 688-7583
Mobile: +6391 8622921
Email : eslacson@pse.com.ph
Kanokwan Khemmalai
Deputy Head
Corporate Communications Dept
Tel : +662-229-2048
Fax : +662-359-1004-6
E-mail : kanokwan@set.or.th
SGX
Magdalyn Liew
Assistant Vice President
Corporate Communications
Tel : +65 6236 8157
Mobile: +65 9176 2800
Fax : +65 6557 2651
Email : magdalynliew@sgx.com
NYSE Euronext / NYSE Technologies
Rich Adamonis
Tel: +212 656-2140
Email: radamonis@nyx.com
Eric Ryan
Tel: +212 656-2411
Email: eryan@nyx.com
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