Malaysia, Singapore, Thai bourses to form al­liance

The Pak Banker - - International3 -

KUALA LUMPUR: The stock ex­changes of Malaysia, Singapore and Thai­land will link via an elec­tronic trad­ing sys­tem that will give in­vestors ac­cess to all three mar­kets si­mul­ta­ne­ously by the sec­ond half of 2011, of­fi­cials said Tues­day.

Thirachai Phu­vanat­naranubala, Sec­re­tary-Gen­eral of Thai­land's Se­cu­ri­ties & Ex­change Com­mis­sion, said the move is part of a pro­posed sin­gle se­cu­ri­ties mar­ket that will pro­vide eas­ier ac­cess for in­vestors and boost mar­ket liq­uid­ity in South­east Asia.

Bursa Malaysia, Singapore Ex­change and Stock Ex­change Thai­land are "set to join and go live by the sec­ond half of 2011" while the Philip­pines Stock Ex­change will join the al­liance in the first half of 2012, he told a re­gional fi­nance con­fer­ence.

The four coun­tries are part of the 10-mem­ber As­so­ci­a­tion of South­east Asian Na­tions.

It is un­clear if In­done­sia, Brunei and Viet­nam will also join in. Of­fi­cials said Cam­bo­dia and Laos are ex­pected to launch their stock mar­kets next year, leav­ing only mil­i­tary-ruled Myan­mar with­out a bourse. -Ap

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