31-05-2012, 12:06 PM
Just wondering: any impact on commission?
INTERVIEW: Malaysia, Singapore Stock Exchanges To Be Linked By June - Bursa CEO
-- Bursa Malaysia CEO says Asean Trading Link to be ready by the end of June
-- Malaysia planning for exchange-traded bonds
By Jason Ng and Abhrajit Gangopadhyay
Of DOW JONES NEWSWIRES
KUALA LUMPUR (Dow Jones)--The stock exchanges of Malaysia and Singapore will establish cross-border electronic trading links in June, a step toward a broader plan to link up the exchanges of several Association of Southeast Asian Nations members, the chief executive officer of the Bursa Malaysia Bhd. (1818.KU) said Tuesday.
Thailand will be connected to the proposed network in August, Tajuddin Atan told Dow Jones Newswires in an interview.
The stock exchanges of Malaysia, Indonesia, Singapore, Thailand, the Philippines, and Vietnam signed a preliminary pact in February 2009 to develop cross-border trading links to cut costs and attract investment.
The countries' seven exchanges have a market capitalization of over $2 trillion, with Malaysia, Singapore and Thailand accounting for about nearly two-thirds of the value, Tajuddin said.
Cross-border trading will help local companies access more capital to propel regional growth, he added.
Combined, the economies of Asean have grown by an average of more than 6% a year over the past few years, and the region is home to over 600 million people whose rising income levels make them an attractive pool of investors.
Tajuddin said there is no definite time frame for all the exchanges to be interlinked, as the economies across the region are at different stages of development.
The push for seamless trading is the latest sign of the growing reliance on regional co-operation between Southeast Asia's export-heavy economies, which have traditionally counted the U.S. and the Europe as preferred destinations for their shipments. Slower economic growth and debt troubles in those economies have increased the attractiveness of intra-regional cooperation.
Tajuddin also said Malaysia is planning to introduce exchange-traded bonds for retail investors by September.
"Issuers are lining up but we want to analyze whether the initial offer can come from private debt securities or government guaranteed," he added.
-By Jason Ng and Abhrajit Gangopadhyay, Dow Jones Newswires; +603-2026-1233; jason.ng@dowjones.com
http://online.wsj.com/article/BT-CO-2012...05308.html
INTERVIEW: Malaysia, Singapore Stock Exchanges To Be Linked By June - Bursa CEO
-- Bursa Malaysia CEO says Asean Trading Link to be ready by the end of June
-- Malaysia planning for exchange-traded bonds
By Jason Ng and Abhrajit Gangopadhyay
Of DOW JONES NEWSWIRES
KUALA LUMPUR (Dow Jones)--The stock exchanges of Malaysia and Singapore will establish cross-border electronic trading links in June, a step toward a broader plan to link up the exchanges of several Association of Southeast Asian Nations members, the chief executive officer of the Bursa Malaysia Bhd. (1818.KU) said Tuesday.
Thailand will be connected to the proposed network in August, Tajuddin Atan told Dow Jones Newswires in an interview.
The stock exchanges of Malaysia, Indonesia, Singapore, Thailand, the Philippines, and Vietnam signed a preliminary pact in February 2009 to develop cross-border trading links to cut costs and attract investment.
The countries' seven exchanges have a market capitalization of over $2 trillion, with Malaysia, Singapore and Thailand accounting for about nearly two-thirds of the value, Tajuddin said.
Cross-border trading will help local companies access more capital to propel regional growth, he added.
Combined, the economies of Asean have grown by an average of more than 6% a year over the past few years, and the region is home to over 600 million people whose rising income levels make them an attractive pool of investors.
Tajuddin said there is no definite time frame for all the exchanges to be interlinked, as the economies across the region are at different stages of development.
The push for seamless trading is the latest sign of the growing reliance on regional co-operation between Southeast Asia's export-heavy economies, which have traditionally counted the U.S. and the Europe as preferred destinations for their shipments. Slower economic growth and debt troubles in those economies have increased the attractiveness of intra-regional cooperation.
Tajuddin also said Malaysia is planning to introduce exchange-traded bonds for retail investors by September.
"Issuers are lining up but we want to analyze whether the initial offer can come from private debt securities or government guaranteed," he added.
-By Jason Ng and Abhrajit Gangopadhyay, Dow Jones Newswires; +603-2026-1233; jason.ng@dowjones.com
http://online.wsj.com/article/BT-CO-2012...05308.html