NYSE Technologies To Help Build Integrated Asian Capital Market
Thursday, February 11, 2010

NYSE Technologies and four leading equities exchanges in the Association of South East Asian Nations (ASEAN) region have signed a Letter of Intent that designates NYSE Technologies as the network provider for the ASEAN Trading Link, marking a significant step towards the establishment of an integrated regional capital market.

The Letter of Intent was signed on February 8 during the 10th ASEAN Exchanges CEO's Meeting in Manila and includes Bursa Malaysia, the Philippine Stock Exchange, Singapore Exchange and the Stock Exchange of Thailand.

Once complete, the ASEAN Trading Link will electronically interconnect the participating ASEAN exchanges to facilitate cross border order routing and trading, thereby allowing investors and members to access multiple ASEAN markets from their domicile country. This trading network will enable participating ASEAN Exchanges to connect to external order routing networks in order to attract new order flows into the ASEAN equities market.

Describing the agreement as a "historic initiative in an increasingly important part of the world," Duncan L. Niederauer, Chief Executive Officer, NYSE Euronext said: "The ASEAN Trading Link will strengthen the competitiveness of the member exchanges and enable them to better serve their customers. National and regional interest will be well served by giving investors greater access to global capital to facilitate new development, growth and wealth creation."

The Philippine Stock Exchange's President and Chief Executive Officer, Francisco Edralin Lim said that the appointment of NYSE Technologies represents a significant milestone towards realizing the Exchange Alliance strategic framework that supports the establishment of an integrated ASEAN capital market.

"NYSE Technologies brings to the table vast experience in the Exchange solutions business and we are confident that they will deliver cutting edge solutions that meet all our requirements. We are also excited about the possibilities of leveraging their extensive order routing networks to bring order flow into the ASEAN markets," he said.

According to NYSE Technologies, the new network will provide integrated market data feeds from all the participating markets and a standardized entry point for trading. It will also feature state-of-the-art risk management and controls, and ensure orderly and cost effective expansion of the ASEAN Trading Link markets. In addition, the network will integrate with the global Secure Financial Transaction Initiative (SFTI) community, giving NYSE Technologies' STFI members streamlined and cost effective access to trading in the ASEAN Trading Link markets.