SGX: The Asean link which is to connect 4 regional stock exchanges is expected to go live in 1Q2012. The initial exchanges to be included are SGX, Bursa Msia, Philippine Stock Exchange and Stock Exchange of Thailand. The link will feature a cross-border trading platform and order routing services although clearing fees will still be paid to the respective exchanges. US tech firm Sungard has been appointed as the technology provider for this platform.
The details have not been revealed but brokerages might face more competition or require possible tie-ups after the link is set up. Potentially, markets which do not have advanced systems and multi-market connectivity such as Philippines compared to SGX could benefit from more liquidity flows as other markets are accessible to the local populace.
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