24 July 2016
Find out more

Asean exchanges invite tenders for trading network

02 February 2011  |  7359 views  |  0 Digital Abstarct

A group of South East Asian stock exchanges have completed a technology design study and invited tenders from vendors ahead of the planned launch of a cross-border trading link by the end of the year.

In 2009 Bursa Malaysia, the Philippine Stock Exchange, Singapore Exchange and the Stock Exchange of Thailand outlined plans to create a single access point to ease cross-border trading and attract more international fund flows into the region.

Last February the group signed a letter of intent appointing Nyse Euronext's IT unit to design, build and manage the technology required for the trading link.

Now the partners say a design study of the IT framework for the link has been completed, paving the way for it to go live towards the end of the year, depending on the vendor selected to work with Nyse Technologies.

The US unit has already said its system will be underpinned by a resilient networking infrastructure that will interconnect the Asean member exchanges and, through them, their respective communities.

The system will include services that tap this network to provide integrated market data feeds from all the participating markets and a standardised entry point for trading. Expansion of the trading link's markets will be helped by the risk management and controls put in place, says Nyse.

In addition, the system will integrate with the Nyse Euronext communication network infrastructure, SFTI. This will give STFI members streamlined access to trading in the Asean Trading Link markets.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Chi-East dark pool launches

Chi-East dark pool launches

11 November 2010  |  6332 views  |  0 comments
SGX in ASX takeover talks - report

SGX in ASX takeover talks - report

22 October 2010  |  8248 views  |  0 comments
SGX invest $250m in 'world's fastest' trading engine

SGX invest $250m in 'world's fastest' trading engine

03 June 2010  |  9932 views  |  0 comments
Asean exchanges select Nyse Technologies to build trading network

Asean exchanges select Nyse Technologies to build trading network

08 February 2010  |  5982 views  |  0 comments
Thomson Reuters wins Bursa Malaysia market data deal

Thomson Reuters wins Bursa Malaysia market data deal

09 December 2009  |  7689 views  |  0 comments
Asean exchanges collaborate on e-trading link

Asean exchanges collaborate on e-trading link

23 February 2009  |  5642 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
Visit www.abe-eba.euVisit capgemini.comFind out more

Top topics

Most viewed Most shared
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
8357 views 14 comments | 32 tweets | 37 linkedin
satelliteContactless Bitcoin startup Plutus Tap &am...
8053 views comments | 6 tweets | 3 linkedin
hands typing furiouslyBanking on IoT: Security in the Internet o...
8004 views 3 | 19 tweets | 7 linkedin
hands typing furiouslyWhat Every FinTech CEO Should Know About R...
7959 views 0 | 14 tweets | 8 linkedin
Santander doubles down on fintech fundSantander doubles down on fintech fund
7662 views comments | 22 tweets | 28 linkedin

Featured job

Brussels (Belgium) or Paris (France)

Find your next job