Since last week The Stock Exchange of Thailand (SET) has been connected with the Bursa Malaysia and Singapore Exchange through the ASEAN Trading Link.
“For the first time ever, investors now have a single entry point to three of the largest ASEAN equity markets,” said SET President Charamporn Jotikasthira.
Bursa Malaysia, Singapore Exchange and SET now offer investors access to over 2,200 listed companies with a market capitalization of $1.4 trillion, nearly 70% of market capitalization of companies listed in the 10-member Association of Southeast Asian Nations (ASEAN).
“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 would boost transaction of ASEAN securities trading conveniently and efficiently. In addition, it will increase options and varieties of financial products for Thai investors, and boost business opportunities for brokers and listed companies,” Jotikasthira continues.
In September the SET CONNECT went live with TRADExpress technology as well with market dissemination, market surveillance and index calculation solutions from Cinnober. SET Connect offers superior transaction speed to support high-frequency and algorithmic trading, and provides industry standard interfaces that make it easy to link with other marketplaces to attract further liquidity.
The ASEAN Trading Link aims to connect with exchanges from the other member countries in the ASEAN group to promote capital market growth in Southeast Asia.