Oct 13, 2012

Thailand - Thai Bourse to connect to ASEAN Trading Link on Oct 15

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Stock Exchange of Thailand to become third exchange to connect to ASEAN link

The Stock Exchange of Thailand will connect to the ASEAN Trading Link on October 15 after completing system tests with Thai brokers. SET will become the third stock exchange to connect to the regional trading network following the connection between Bursa Malaysia and Singapore Exchange.

SET President Charamporn Jotikasthira, said: "As SET's new trading engine, SET CONNECT, has operated smoothly with full efficiency since early September, SET is now ready to top up financial opportunities for the Thai capital market.

Joining in the ASEAN Trading Link will boost transaction of ASEAN securities trading conveniently and efficiently. In addition, it will increase options and varieties of financial products for Thai investors, boost business opportunities for brokers and listed companies.

"The Industry Wide Test (IWT) with brokers went smoothly, while there are initially 9 Thai brokers which are ready to offer trading via the ASEAN Trading Link on October 15, 2012. The others are developing their internal system and they plan to join the ASEAN Trading Link at the later stage. So, we strongly believe adding in the ASEAN Trading Link will attract more ASEAN investors to Thai stock market." said Charamporn.

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