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|8 February 2010
Asean exchanges appoint NYSE Technologies as solution provider
Four Asean exchanges, namely Bursa Malaysia (BM), the Philippine Stock Exchange (PSE), Singapore Exchange (SGX) and the Stock Exchange of Thailand (SET) signed a Letter of Intent with NYSE Technologies today, appointing it as a solution provider to commence the design of the technology solution for the Asean Trading Link, the Stock Exchange of Thailand said in a press release.
Prior to this, the Exchanges have conducted and completed a comprehensive selection process to evaluate the suitability of vendors that will deliver the technology solution for the development of the Asean Trading Link.
The Trading Link will interconnect electronically the participating equities markets and help facilitate cross border order routing and trading. Investors and members of the participating Asean Exchanges will be able to trade multiple Asean markets from their domicile countries. With this link, participating Asean Exchanges can connect to external order routing networks to attract new order flows into the Asean equities market.
The signing ceremony took place at the 10th Asean Exchanges CEOs Meeting in Manila on 8 February 2010, which was hosted by the PSE.
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