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 trading platform is an
initiative by the ASEAN Exchanges, a collaboration of seven ASEAN stock
exchanges, to boost regional capital markets and offer more investment
opportunities for investors.
Under the ASEAN Trading Link,
investors in one market will be able to directly access markets in
another through their brokers. Analysts believe the new platform will
help them save costs since they will not need to pay additional fees
charged 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 together
with stock exchanges in the Philippines and Indonesia.
To date, 31 brokers from across Malaysia, Singapore and Thailand have joined ASEAN Trade Link.
Southeast Asia Exchanges group hopes the new trading system will
encourage more inflows of funds, helping them compete with the fast
growing markets of Hong Kong, China and India.-VNA