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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