The 15th CEOs meeting of the ASEAN Exchanges group, a three-day event hosted by the Hanoi Stock Exchange, opened here on Nov. 30, discussing plans to integrate member securities exchanges into the international financial field.
ASEAN Exchanges, which includes seven member stock exchanges from six countries – Malaysia , Indonesia , the Philippines , Thailand , Singapore and Vietnam – has also launched a joint website at www.aseanexchanges.org.
"Work on an ASEAN index series continues as planned with the ASEAN Exchanges collaboration members," Philippine Stock Exchange president and CEO, Hans Sicat said on the website.
During the meeting, detailed schemes for the Strategic Working Group and Business Working Group would be developed and announced as well as a roadmap for upcoming mutual collaboration.
The CEOs previously announced that they expected to roll out a plan for the ASEAN Trading Link, which would see member exchanges participating in stages. The first stage, in June of next year, would connect the Singapore Exchange and Bursa Malaysia , while the Stock Exchange of Thailand would be added in August after the new trading engine had gone live.
"The three bourses that will participate in the first stage of the ASEAN Trading Link represent approximately 70 per cent of market capitalisation of the seven-member collaboration," said Tajuddin Atan of Bursa Malaysia Berhad.
The Hanoi Stock Exchange, HCM Stock Exchange, Indonesia Stock Exchange and Philippines Stock Exchange would join at a future date.
The exchanges also hope to sign a deal with the FTSE Group which would allow FTSE to publish its reports on group's website. The common website currently introduces the 210 blue-chip shares on the seven exchanges, 60 of which are now listed on the two Vietnam exchanges – including Kim Long Securities Co (KLS), construction giant Vinaconex (VCG), PetroVietnam Construction Co (PVX) and Bao Viet Securities Co (BVS). /.
ASEAN Exchanges, which includes seven member stock exchanges from six countries – Malaysia , Indonesia , the Philippines , Thailand , Singapore and Vietnam – has also launched a joint website at www.aseanexchanges.org.
"Work on an ASEAN index series continues as planned with the ASEAN Exchanges collaboration members," Philippine Stock Exchange president and CEO, Hans Sicat said on the website.
During the meeting, detailed schemes for the Strategic Working Group and Business Working Group would be developed and announced as well as a roadmap for upcoming mutual collaboration.
The CEOs previously announced that they expected to roll out a plan for the ASEAN Trading Link, which would see member exchanges participating in stages. The first stage, in June of next year, would connect the Singapore Exchange and Bursa Malaysia , while the Stock Exchange of Thailand would be added in August after the new trading engine had gone live.
"The three bourses that will participate in the first stage of the ASEAN Trading Link represent approximately 70 per cent of market capitalisation of the seven-member collaboration," said Tajuddin Atan of Bursa Malaysia Berhad.
The Hanoi Stock Exchange, HCM Stock Exchange, Indonesia Stock Exchange and Philippines Stock Exchange would join at a future date.
The exchanges also hope to sign a deal with the FTSE Group which would allow FTSE to publish its reports on group's website. The common website currently introduces the 210 blue-chip shares on the seven exchanges, 60 of which are now listed on the two Vietnam exchanges – including Kim Long Securities Co (KLS), construction giant Vinaconex (VCG), PetroVietnam Construction Co (PVX) and Bao Viet Securities Co (BVS). /.
