News: ASEAN trade link technology framework complete -
07 Feb 2011
MANILA, Philippines – Four ASEAN Exchanges announced that the design study of the technology framework for the ASEAN Trading Link has been completed and will soon be bidding out the supply contract for the infrastructure.
The project was spearheaded by Bursa Malaysia (BM), the Philippine Stock Exchange, Inc. (PSE), Singapore Exchange (SGX) and the Stock Exchange of Thailand (SET) working together with NYSE Technologies.
The group said shortlisted vendors who are able to provide the infrastructure have been invited to tender. Depending on the selected vendor, it is expected that the link will go live toward the end of 2011.
The ASEAN Trading Link aims to electronically interconnect the participating markets and facilitate cross border order trading seamlessly.
Under the ASEAN linkage plan, the cross border trading system will be up and running by the end of the year with bourses in Singapore, Malaysia and Thailand to be immediately linked.
Sicat said the PSE will be joining the system by early next year to be followed by Indoneisa then Vietnam.
(Source: Manila Bulletin Online, Business Section by James Loyola,2/4/2011)