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PR Newswire
13-10-2017, 02:47 PM
Southeast Asian Stock Markets Quietly Kill Their Trading Link
By Andrea Tan
October 13, 2017, 8:54 AM GMT+8
A system that connected stock markets in Malaysia, Singapore and Thailand has closed down, five years after its high-profile debut.
The Asean Trading Link started with Bursa Malaysia and Singapore Exchange Ltd., with The Stock Exchange of Thailand also joining. It was heralded at its launch as breaking the barriers to cross-border trade and offering a single entry-point to three of Southeast Asia’s biggest stock markets, with thousands of listed companies. Bourses in Vietnam, the Philippines and Indonesia were expected to eventually take part.
The link’s end was announced quietly, with Singapore Exchange’s only statement on the move made in a consultation paper on rule changes that was published on Tuesday. “With effect 6 October 2017, the Asean trading linkage will no longer be in operation,” the company said.
https://www.bloomberg.com/news/articles/...ading-link
By Andrea Tan
October 13, 2017, 8:54 AM GMT+8
A system that connected stock markets in Malaysia, Singapore and Thailand has closed down, five years after its high-profile debut.
The Asean Trading Link started with Bursa Malaysia and Singapore Exchange Ltd., with The Stock Exchange of Thailand also joining. It was heralded at its launch as breaking the barriers to cross-border trade and offering a single entry-point to three of Southeast Asia’s biggest stock markets, with thousands of listed companies. Bourses in Vietnam, the Philippines and Indonesia were expected to eventually take part.
The link’s end was announced quietly, with Singapore Exchange’s only statement on the move made in a consultation paper on rule changes that was published on Tuesday. “With effect 6 October 2017, the Asean trading linkage will no longer be in operation,” the company said.
https://www.bloomberg.com/news/articles/...ading-link
Specuvestor: Asset - Business - Structure.