ASEAN Exchanges Firm Up Launch of ASEAN Trading Link And Formalise Agreement To Enhance Market Awareness.
Speaking on behalf of the ASEAN Exchanges, Magnus Bocker, Chief Executive Officer, Singapore Exchange said, "The collaborative decision of the member Exchanges to roll out the ASEAN Trading Link will markour first key milestone towards breaking down the barriers to cross border trade in ASEAN."
"Through the trading link, investors in ASEAN will enjoy a new ease of access to a wider investment selection as well as tap the region's growth opportunities. The three bourses that will participate in the first stage of the ASEAN Trading Link represent approximately two-thirds of the USD2.1 trillion market capitalisation of the seven members of the ASEAN Exchanges," continued Mr. Bocker.
At the said meeting, the ASEAN Exchanges also formalised an agreement with FTSE to provide a range of ASEAN market data and analytics.
"ASEAN is an exciting capital market and investors need to be able to make informed decisions in a timely manner. The range of ASEAN analytics from FTSE will further enable more informed decisions about ASEAN investments which will help drive greater liquidity into our markets," said Mr. Bocker.
ASEAN Exchanges is in further talks with other world-class partners to help position ASEAN as a highly investable asset class.
"The developments announced today clearly reflect the strong collaboration amongst members of the ASEAN Exchanges to deliver on our plans to promote the growth of the ASEAN capital market by bringing more ASEAN investment opportunities to more people," Mr. Bocker said.
The 16th ASEAN Exchanges CEOs Meeting saw the participation of all collaboration member Exchanges as represented by Tajuddin Atan, CEO of Bursa Malaysia, Tra Le Hai, Senior Deputy CEO of Hochiminh Stock Exchange, Nguyen Vu Quang Trung, Deputy CEO of Hanoi Stock Exchange, Ito Warsito, President Director of Indonesia Stock Exchange, Rachelle Blanch, Vice President & Head, Market Operations of The Philippine StockExchange, Magnus Bocker, CEO of Singapore Exchange, and Charamporn Jotikasthira, President of the Stock Exchange of Thailand.
About ASEAN Exchanges
ASEAN Exchanges is a collaboration of seven exchanges from Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam. The collaboration aims to promote the growth of the ASEAN capital market by driving cross-border collaboration, streamlining access to ASEAN, creating ASEAN centric products, and implementing targeted promotional initiatives. The result is more ASEAN investment opportunities to more people as well as bringing greater liquidity to members of the collaboration.
ASEAN Exchanges' CEOs comprise Dato Tajuddin Atan of Bursa Malaysia Berhad, Dr. Tran Dac Sinh of Hochiminh Stock Exchange, Mr. Tran Van Dzung of Hanoi Stock Exchange, Mr. Ito Warsito of Indonesia Stock Exchange, Mr. Hans B. Sicat of Philippine Stock Exchange, Mr. Magnus Bocker of Singapore Exchange, and Mr. Charamporn Jotikasthira of the Stock Exchange of Thailand. For more information, please visit www.aseanexchanges.org.
Source: ASEAN Exchanges
Bursa Malaysia Berhad Elaine Mariman Group Communications Tel : +603 2034 7668 Mobile : +6019 275-3171 Email : email@example.com Hochiminh Stock Exchange Nguyen Thi Viet Ha Vice President, Researh & Development Department Tel : +84-8 3821 7712 - 2101 Fax : +84-8 3821 7452 Mobile : +84 902 568 188 email : firstname.lastname@example.org Hanoi Stock Exchange Nguyen Hoang Linh Director, Strategy & International Cooperation Dept Tel : +84-4 3941 2665 Fax : +84-8 39347818 Mobile : +84 9040 00989 email : email@example.com Singapore Exchange Ltd Loh Wei Ling Vice President Communications Tel : +65 6236 8157 Mobile: +65 9176 2800 Email : firstname.lastname@example.org The Stock Exchange of Thailand Ladawan Kantawong Head, Corporate Communications Dept Tel : +662-229-2036 E-mail : email@example.com Kanokwan Khemmalai Deputy Head Corporate Communications Dept Tel : +662-229-2048 E-mail : firstname.lastname@example.org
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