The launch of a proposed cross-border electronic trading link for Southeast Asian stock exchanges has been delayed as the participating exchanges are still testing the technology and driving investors awareness, according to a joint statement from the exchanges Tuesday.

“The ASEAN Exchanges is currently in the midst of firming up the launch date of the ASEAN Trading Link that is ideal and amenable to the members of the ASEAN Exchanges and its stakeholders,” the statement said.

The launch of the trading link had initially been planned for last month.

In May, Bursa Malaysia Bhd. (1818.KU) Chief Executive Tajuddin Attan said the Asean link will begin with Malaysia and Singapore stock exchanges, with Thailand joining in August.

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 nearly two-thirds of the value.


About The Aseanists Time, Unmask The Truth

The Aseanists Time is daily online newspaper and magazine covering on regional politic, economic, and social issues; science and technology, regional leaders, politic and economic in each ASEAN Member States along with ASEAN 6 (United States, Australia, Japan, South Korea, China, and India), regional natural disaster and climate change, regional business, finance and economic statistic and figure. Furthermore, We also cover on top 10 economic countries. Finally, we report ASEAN, EU and UN as well.

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