Sgx & Bursa To Link Up In June Under Asean Trading Link Rollout Plan

KUALA LUMR, Nov 17 (Bernama) -- The chief executive officers of Asean Exchanges Thursday announced the rollout plan for the Asean Trading Link which will see the participation of member exchanges taking place progressively in stages. The first stage will see the connectivity of Singapore Exchange and Bursa Malaysia (Malaysia's stock exchange) in June next year and the Stock Exchange of Thailand coming in in August the same year after the trading engine goes live. The three bourses will represent 70 per cent of the market capitalisation of the seven-member collaboration, thus offering substantial investment opportunities for investors, Bursa Malaysia CEO Tajuddin Atan said in a statement Thursday. Asean Exchanges is a collaboration of seven stock exchanges from the Asean member nations, namely Malaysia, the Philippines, Singapore, Thailand and Vietnam with a combined market capitalisation of approximately US$2 trillion and more than 3,600 companies listed. The statement also said that the collaboration framework was on track towards meeting its goals of collectively promoting Asean as a highly investible asset class. "The 2012 marketing activities for Asean Exchanges will be finalised at our scheduled CEOs meeting on Dec 2 in Hanoi," it added. -- BERNAMA