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Southeast Asian trading link goes live

The ASEAN Trading Link, which will connect exchanges throughout Southeast Asia, went live on September 8 with a link-up between the Singapore Exchange and Bursa Malaysia.
The ASEAN Trading Link, which will connect exchanges throughoutSoutheast Asia, went live on September 8 with a link-up between theSingapore Exchange and Bursa Malaysia.

The trading platform is aninitiative by the ASEAN Exchanges, a collaboration of seven ASEAN stockexchanges, to boost regional capital markets and offer more investmentopportunities for investors.

Under the ASEAN Trading Link,investors in one market will be able to directly access markets inanother through their brokers. Analysts believe the new platform willhelp them save costs since they will not need to pay additional feescharged by brokers on both sides.

The Stock Exchange of Thailand is expected to link-up from next month.

Vietnam’s two exchanges will participate at a later date togetherwith stock exchanges in the Philippines and Indonesia.

To date, 31 brokers from across Malaysia, Singapore and Thailand have joined ASEAN Trade Link.

TheSoutheast Asia Exchanges group hopes the new trading system willencourage more inflows of funds, helping them compete with the fastgrowing markets of Hong Kong, China and India.-VNA
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