Singapore Exchange and Bursa Malaysia are on track for a link-up in June that will enable stockbrokers to trade shares listed on the bourses without having to go through an intermediary.
Asean Exchanges, a group of regional bourse operators, said on Friday: 'Bursa Malaysia and Singapore Exchange (SGX) will be connected first, with the Stock Exchange of Thailand (SET) added in August 2012.'
Speaking on its behalf, SGX chief executive officer Magnus Bocker said: 'The collaborative decision of the member exchanges to roll out the Asean trading link will mark our 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,' he added in the statement, at the conclusion of the 16th Asean Exchanges CEOs meeting here.
Published on Apr 28, 2012
