Cross-border trading on ASEAN markets to begin in 2011
ASEAN economic integration takes another step with plans for cross-border trading on member countries’ exchanges. The first link, between Thailand and Malaysia, could appear by the end of 2011. Regulators agreed at a regional meeting last year to create a road map for full integration of ASEAN’s major markets, and the very first step will take place with the Stock Exchange of Thailand (SET) launching an information board of the top 30 equities in Singapore, Malaysia and Thailand to generate interest among investors.
Bursa Malaysia and SET will start building infrastructure for a pan-ASEAN e-trading link immediately, allowing about 12 months to get everything up and running smoothly. The Singapore exchange is expected to join shortly after with Indonesia, Philippines and Vietnam to come onboard at an unspecified future date. Demand for cross-border trading is said to be strong, with investors across Southeast Asia looking forward to enjoying a more diverse range of options.
source & full article: Channel NewsAsia
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