Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Asean News  >>   Capital Markets  >>   Asean exchanges to start cross-border trading
NEWS UPDATES 21 August 2010

Asean exchanges to start cross-border trading

Related Stories

August 20, 2010
Seven Indo companies set for IPOs

August 9, 2010
CIMB may use dual-listing for Indo exchange

June 3-4, 2010
Indonesia, Philippines keep rates amidst risk from turmoil in Europe

May 22-24, 2010
Indonesia close to appointing new central bank chief

May 9, 2010
CIMB’s Indonesia unit to make more earning than Malaysian unit

May 6, 2010
Finance minister’s abrupt resignation shocks Indonesian market

Cross-border trading between the major exchanges in Asean could happen by the end of 2011, with infrastructure soon to be put in place.

This was confirmed by heads of Bursa Malaysia and the Stock Exchange of Thailand (SET) at an industry conference in Singapore.

The Thai exchange added that it would also be launching an information board of the top 30 equities in Singapore, Malaysia and Thailand in the coming months to boost investor interest ahead of the launch.

Last year, stock exchange operators in Southeast Asia (Singapore, Malaysia, Thailand, Indonesia, the Philippines, Indonesia and Vietnam) agreed to explore the possibility of enabling investors to trade stocks on each other's exchanges.

For a start, Bursa and SET told Channel NewsAsia they will begin putting the infrastructure in place for the Asean e-trading link.

The first link will be between Bursa and SET, followed by the Singapore Exchange.

Indonesia, the Philippines and Vietnam are also expected to come onboard, but the time frame is unclear.

With the integration, investors will have access to an ASEAN bulletin board, where each of the countries will list their top 30 stocks on a cross-border trading platform.

The exchanges say the demand for such a system is strong.

Charamporn Jotikasthira, President, Stock Exchange of Thailand, said: "A couple of weeks ago we had a meeting with 20 Thai brokers and the Malaysian brokers and there's been quite a strong interest. The fact is that there's some compliments between the assets between each country.

Thailand has a lot of plantation, but unfortunately we don't have listed firms with plantations like Malaysia has, but on the other hand 25 percent of our market cap is in energy, whereas in Malaysia it's not, so if anyone wants to have any energy play or plantation play they have to go through cross-border and this would help."

The alliance was formed after Asean regulators agreed last year to create a road map to fully integrate the region's capital markets by 2015.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below
Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com