ASEAN Exchange Network’s technology solution to be provided by NYSE Technologies

NYSE Technologies is to work with four equity exchanges to provide a technology solution for an ASEAN trading network.

According to the company, the network is being created to enhance cross-border trading and orders in the region.

NYSE Technologies has been chosen to work on developing and managing the technology infrastructure for the network.

Once the network has been established, investors will be able to access different trading opportunities within the region from their own country.

The exchanges include the Philippine Stock Exchange and the Stock Exchange of Thailand.

Duncan L Niederauer, chief executive officer at NYSE Euronext, said: “My colleagues at NYSE Euronext and I greatly value the opportunity to provide our leading-edge technology and proven expertise to this historic initiative in an increasingly important part of the world.

“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.”

NYSE Technologies’ solution will integrate with its Secure Financial Transaction Infrastructure community.

By Jim Ottewill