11 December 2017
visit www.avoka.com

Asean exchanges invite tenders for trading network

02 February 2011  |  7735 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  |  6733 views  |  0 comments
SGX in ASX takeover talks - report

SGX in ASX takeover talks - report

22 October 2010  |  8626 views  |  0 comments
SGX invest $250m in 'world's fastest' trading engine

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

03 June 2010  |  10373 views  |  0 comments
Asean exchanges select Nyse Technologies to build trading network

Asean exchanges select Nyse Technologies to build trading network

08 February 2010  |  6281 views  |  0 comments
Thomson Reuters wins Bursa Malaysia market data deal

Thomson Reuters wins Bursa Malaysia market data deal

09 December 2009  |  8033 views  |  0 comments
Asean exchanges collaborate on e-trading link

Asean exchanges collaborate on e-trading link

23 February 2009  |  6072 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit http://info.nice.comvisit www.response.ncr.com

Who is commenting?

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18519 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11419 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
7860 views comments | 15 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
6657 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
6090 views comments | 19 tweets | 10 linkedin

Featured job

Competitive
Germany, Austria or Switzerland

Find your next job