Asean Exchanges Eye 2012 for Trading Link
CEOs of exchanges in the Association of Southeast Asian Nations (Asean) today announced an updated launch schedule for the Asean Trading Link, a common platform for trading Southeast Asian stocks between the seven exchanges.
Member exchanges will participate progressively in stages. The first stage, in June 2012, will connect Singapore Exchange and Bursa Malaysia. The Stock Exchange of Thailand will be added in August 2012 after its new trading engine goes live, which had previously been planned for the first quarter of 2012.
The participation timeline of the Hanoi, HoChiMinh, Indonesia and the Philippine stock exchanges will be announced at a later date.
"The three exchanges that will participate in the first stage of the Asean Trading Link represent approximately 70 percent of the market capitalization of the seven-member collaboration, thus offering substantial investment opportunities for investors," says Tajuddin Atan, Bursa Malaysia CEO.
The Asean exchanges have a combined market capitalization of about $2 trillion and more than 3,600 listed companies.
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