Asean Trading Link kicks off in June
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The CEOs of the Asean Exchanges today announced that the Asean Trading Link is ready for the June launch, first with participation of Bursa Malaysia and Singapore Exchange. The Stock Exchange of Thailand will join the cross-border link in August.
The announcement came after the 16th Asean Exchanges CEOs meeting today in Singapore.
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 US$2.1 trillion market capitalisation of the seven members of the Asean Exchanges," he added.
To Dato' Tajuddin Atan, chief executive officer of Bursa Malaysia, this is bringing down trade barriers and this will certainly provide more opportunities for market players especially multinational companies who are actively expanding their operations throughout Asean.
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 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," Bocker said.
The 16th Asean Exchanges CEOs Meeting saw the participation of all collaboration member Exchanges as represented by Dato' 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.
