Asean Exchanges Select NYSE Technologies To Build Trading Link

Published: 08-Feb-2010

In a significant first step towards the establishment of an integrated Asean capital market, NYSE Technologies has agreed to provide a direct market access electronic trading link to Bursa Malaysia (BM), the Philippine Stock Exchange (PSE), Singapore Exchange (SGX) and the Stock Exchange of Thailand (SET).

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. The 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.

Duncan Niederauer, CEO of NYSE Euronext, said: “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. 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.”

Francisco Edralin Lim, president and CEO of Philippine Stock Exchange, said: “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.”

Underpinning the NYSE Technologies’ solution will be a resilient networking infrastructure that will interconnect the Asean member exchanges and through the exchanges, their respective communities. 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. The solution will integrate with the global SFTI community, giving NYSE Technologies’ STFI members streamlined access to trading in the ASEAN Trading Link markets.

A division of NYSE Euronext (NYX), NYSE Technologies provides 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.

Bursa Malaysia is an approved exchange holding company under Section 11D of the Securities Industry Act 1983.

The Philippine Stock Exchange is one of the two stock exchanges in the Philippines, the other one being the Philippine Dealing Exchange. It is the primary stock exchange in the Philippines.

SGX was inaugurated on 1 December 1999, following the merger of Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX).

SET is a fully-integrated exchange providing investment products (i.e., equities, bonds, and derivatives) and quality services to both local and foreign investors.

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