The cross-border trading link being established by a group of seven South East Asian stock exchanges has officially gone live, connecting Bursa Malaysia and Singapore Exchange.
The Korea Exchange (KRX), jointly with the KOSCOM, has entered into an agreement with the Stock Exchange of Thailand (SET) for the development of integrated clearing and settlement system, involving 2 phases.
The Stock Exchange of Thailand (SET) is ready to be connected on the ASEAN Trading Link in October, following a recent successful launch of SET's new trading engine, and aims at increasing investment opportunities in Thailand by actively presenting the potential of the Thai stock market and strengths of its listed companies for investors both in Malaysia and Singapore ahead of the launch of ASEAN Trading Link.
The Stock Exchange of Thailand (SET) announced the successful launch of its new trading platform, SET Connect, today for the equities markets, operating smoothly throughout the day, while two other new systems - Market Data System and Market Surveillance System - also ran with full efficiency.
The Stock Exchange of Thailand (SET) announces that the bourse has completely developed its new securities trading system, called SET Connect, which is ready to be deployed on September 3.
The Stock Exchange of Thailand (SET) continues its commitment to expand services and strengthen capabilities for investors and other market participants by introducing its Operations Master Plan and agreeing with Korea Exchange (KRX) to help develop its clearing and settlement system.
As previously communicated, The Stock Exchange of Thailand (SET) and Cinnober have been involved in a major project for the Thai exchange trading infrastructure.
Mr. Charamporn Jotikasthira, President of The Stock Exchange of Thailand (SET), and Mr. Bongsoo Kim, Chairman & CEO of the Korea Exchange, Inc. (KRX) recently signed the renewal of memorandum of understanding (MoU), aiming to extend cooperation of both exchanges in exchanging information, improving IT structure, promoting collaborative investment and business opportunities.
The cross-border trading link being established by a group of South East Asian stock exchanges will officially launch in June.
© Finextra Research 2017