Bursa Malaysia, Philippine Stock Exchange, Singapore Exchange and Stock Exchange of Thailand complete technology design study of trading link
Bursa Malaysia, the Philippine Stock Exchange, Singapore Exchange and the Stock Exchange of Thailand, in relation to their cooperation within ASEAN, have completed the design study of the technology framework for the ASEAN Trading Link, with the assistance of NYSE Technologies. This link aims to electronically interconnect the participating markets and facilitate cross border order trading seamlessly. It is expected that the link will go live toward the end of 2011.
London Stock Exchange Group signs strategic partnership with Mongolian Stock Exchange
The London Stock Exchange Group and the Mongolian State Property Committee have signed an exclusive Strategic Partnership Agreement to restructure and develop the Mongolian Stock Exchange. Under this agreement, LSEG will collaborate with the Mongolian authorities in a number of areas, including the appointment of a management team at the Mongolian Stock Exchange to oversee its development and privatization; the LSEG’s trading system MillenniumIT will provide trading and surveillance infrastructure to the Mongolian Stock Exchange; LSEG will work to implement an international standard Mongolian market index. Other areas of cooperation include training programs, the modernization of market rules, procedures, structure and operation.