NYSE Technologies and four leading ASEAN equities exchanges—Bursa
Malaysia (BM), the Philippine Stock Exchange (PSE), Singapore Exchange
(SGX) and the Stock Exchange of Thailand (SET)—today during the 10th
ASEAN Exchanges CEO’s Meeting in Manila signed a Letter of Intent that
designates NYSE Technologies as the solutions provider for the ASEAN
Trading Link. The award marks a significant first step towards the
establishment of an integrated ASEAN Capital Market
NYSE Technologies was selected after the exchanges conducted a rigorous
process to determine the technology services provider best suited to
work with the exchanges to design, build and manage the technology
solution required for the ASEAN Trading Link.
Once complete, the ASEAN Trading Link will electronically interconnect
the participating ASEAN exchanges to facilitate cross border order
routing and trading, thereby allowing investors and members to access
multiple ASEAN markets from their domicile country. This innovative
trading network will enable participating ASEAN Exchanges to connect to
external order routing networks in order to attract new order flows into
the ASEAN equities market.
“My colleagues at NYSE Euronext and I greatly value the opportunity to
provide our leading-edge technology and proven expertise to this
historic initiative in an increasingly important part of the world,”
said Duncan L. Niederauer, Chief Executive Officer, NYSE Euronext. “The
ASEAN Trading Link will strengthen the competitiveness of the member
exchanges and enable them to better serve their customers. National and
regional interest will be well served by giving investors greater access
to global capital to facilitate new development, growth and wealth
creation.”
The Philippine Stock Exchange’s President and Chief Executive Officer,
Mr Francisco Edralin Lim described the appointment of NYSE Technologies
as a significant milestone achieved towards realising the Exchange
Alliance strategic framework that supports the establishment of an
integrated ASEAN Capital Markets. “As the host of the 10th
ASEAN Exchanges CEOs Meeting and on behalf of the participating
Exchanges, I am pleased to announce the selection of NYSE Technologies
as the vendor of choice for the ASEAN Trading Link,” Mr. Lim said. “NYSE
Technologies brings to the table vast experience in the Exchange
solutions business and we are confident that they will deliver cutting
edge solutions that meet all our requirements. We are also excited about
the possibilities of leveraging their extensive order routing networks
to bring order flow into the ASEAN markets.”
The NYSE Technologies’ ASEAN Trading Link Solution
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Underpinning the NYSE Technologies’ solution will be a resilient
networking infrastructure that will interconnect the ASEAN member
exchange’s and, through the exchanges, their respective communities;
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The solution will include services that leverage this network to
provide integrated market data feeds from all the participating
markets and a standardized entry point for trading;
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State-of-the-art risk management and controls will ensure orderly and
cost effective expansion of the ASEAN Trading Link markets;
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The solution will integrate with the global SFTI community, giving
NYSE Technologies’ STFI members streamlined and cost effective access
to trading in the ASEAN Trading Link markets.
NYSE Technologies
A division of NYSE Euronext (NYX), NYSE Technologies provides
comprehensive transaction, data and infrastructure services and managed
solutions for buy-side, sell-side and exchange communities that require
next-generation performance and expertise for mission critical and
value-added client services. This division operates four units: the
Global Connectivity unit, offering one of the world's largest, most
reliable financial transaction networks connecting firms and exchanges
worldwide; the Trading Solutions unit, which creates and implements high
performance, end-to-end messaging software and real-time market data
distribution and integration products; the Exchange Solutions unit,
which provides multi-asset exchange platform services, managed services
and expert consultancy; and the Global Market Data unit, which offers a
broad array of global market information products covering multiple
asset classes. With offices across the U.S., Europe, and Asia, NYSE
Technologies' advanced integrated solutions for a wide range of services
has earned the ability to power the trading operations of global
financial institutions and exchanges. For additional information visit: http://www.nyse.com/technologies
Bursa Malaysia
Bursa Malaysia Berhad is a public company limited by shares under the
Companies Act 1965. Bursa Malaysia is an approved exchange holding
company under Section 11D of the Securities Industry Act 1983. Other
companies in the Bursa Malaysia Bhd Group of companies include a stock
exchange, a derivatives exchange, an off-shore international financial
exchange, equity and derivatives clearing houses, a central depository,
an information services provider and an Information Technology services
provider.
Bursa Malaysia Securities Berhad, a wholly-owned subsidiary of Bursa
Malaysia Berhad, is an approved stock exchange under Section 8 of the
Securities Industry Act 1983.
For more information, please visit Bursa Malaysia’s website: www.klse.com.my
Philippine Stock Exchange
The Philippine Stock Exchange, Incorporated owns and operate the only
stock exchange in the Philippines. The Securities and Exchange
Commission granted the company the status of self regulatory
organisation in 1998.
It was incorporated in 1992 as a non-stock corporation and underwent a
listing by way of introduction in 2003, pursuant to the demutualization
mandate of the Securities Regulation Code of 2000. In addition, the PSE
sold to strategic investors by way of private placement in 2004.
For more information, please visit PSE’s website: www.pse.com.ph
Singapore Exchange (SGX)
SGX was inaugurated on 1 December 1999, following the merger of two
established and well-respected financial institutions - the Stock
Exchange of Singapore (SES) and the Singapore International Monetary
Exchange (SIMEX). SGX is Asia-Pacific's first demutualised and
integrated securities and derivatives exchange and is listed on its own
bourse. The exchange's stock is a component of benchmark indices such as
the MSCI Singapore's Free Index and the Straits Times Index (STI).
SGX aims to offer a highly trusted, comprehensive and efficient
securities and derivatives marketplace for raising capital, risk
transfer, trading, clearing and settlement. SGX facilitates the trading
and clearing of commodity futures and over-the-counter (OTC) derivatives
such as forward freight agreements and oil swaps. Through strategic
alliances and partnerships with other exchanges around the world, SGX is
firmly positioned as an Asian Gateway.
For more information, please visit SGX website: www.sgx.com
The Stock Exchange of Thailand (SET)
SET is a fully-integrated exchange providing a wide variety of
investment products (i.e., equities, bonds, and derivatives) and quality
services to both local and foreign investors, with timely, accurate and
complete information disclosure. SET began operations in 1975 and
operates under the Securities and Exchange Act, 1992.
SET services investors and other market participants with fully
computerised trading systems and aims to enhance the efficiency of
market infrastructure to continually meet international standards. The
Exchange also emphasises promoting corporate governance amongst market
participants and adopting best international practices to enhance the
market’s efficiency, transparency and performance.
For more information, please visit SET’s website at www.set.or.th
