SET to join Asean Link in mid-October
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The Stock Exchange of Thailand is ready to link up with the Asean Link, the region-wide stock trading platform, in mid-October.
Thailand would be the third country, after Singapore and Malaysia would kick start the regional trading on Sept 18, said Virathai Santipropop, vice president of the exchange.
On Sept 3, the Thai exchange started the SET Connect, the new IT system that would support the regional linkage.
"Asean Link gives the Thai exchange an opportunity to demonstrate the Thai capital market's investment potential, underpinned by strong economy and geographical location in Indochina. Thai companies have remained strong, staging quick recovery from economic crisis and natural disasters," Virathai said.
Ahead of the linkage, the SET had organised briefings to about 20 representatives from Malaysia-based Maybank Investment Bank, as well as institutional and retail investors in Malaysia. In this month, it will host a seminar on Thai stocks for over 200 marketing officers in Singapore.
The Asean Link was originally planned to start in June.
Under the scheme, investors in participating countries can file transaction orders for stocks listed in different bourses.
The collaboration is expected to boost the oveall attractiveness of Asean bourses in the eyes of global investors.
