NYSE Technologies Selected to Build Technology Solution for ASEAN Exchange Network

NEW YORK--(BUSINESS WIRE)--NYSE Technologies and four leading ASEAN equities exchanges—Bursa Malaysia (BM), the Philippine Stock Exchange (PSE), Singapore Exchange (SGX) and the Stock Exchange of Thailand (SET)—today during the 10^th ASEAN Exchanges CEO’s Meeting in Manila signed a Letter of Intent that designates NYSE Technologies as the solutions provider for the ASEAN Trading Link. The award marks a significant first step towards the establishment of an integrated ASEAN Capital Market

“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”

NYSE Technologies was selected after the exchanges conducted a rigorous process to determine the technology services provider best suited to work with the exchanges to design, build and manage the technology solution required for the ASEAN Trading Link.

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 innovative 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.

“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,” said Duncan L. Niederauer, Chief Executive Officer, NYSE Euronext. “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, Mr Francisco Edralin Lim described the appointment of NYSE Technologies as a significant milestone achieved towards realising the Exchange Alliance strategic framework that supports the establishment of an integrated ASEAN Capital Markets. “As the host of the 10^th ASEAN Exchanges CEOs Meeting and on behalf of the participating Exchanges, I am pleased to announce the selection of NYSE Technologies as the vendor of choice for the ASEAN Trading Link,” Mr. Lim said. “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.”

The NYSE Technologies’ ASEAN Trading Link Solution

Underpinning the NYSE Technologies’ solution will be a resilient networking infrastructure that will interconnect the ASEAN member exchange’s and, through the exchanges, their respective communities;
The solution will include services that leverage this network to provide integrated market data feeds from all the participating markets and a standardized entry point for trading;
State-of-the-art risk management and controls will ensure orderly and cost effective expansion of the ASEAN Trading Link markets;
The solution will integrate with the global SFTI community, giving NYSE Technologies’ STFI members streamlined and cost effective access to trading in the ASEAN Trading Link markets.

NYSE Technologies

A division of NYSE Euronext (NYX), NYSE Technologies provides comprehensive transaction, data and infrastructure services and managed solutions for buy-side, sell-side and exchange communities that require next-generation performance and expertise for mission critical and value-added client services. This division operates four units: the Global Connectivity unit, offering one of the world's largest, most reliable financial transaction networks connecting firms and exchanges worldwide; the Trading Solutions unit, which creates and implements high performance, end-to-end messaging software and real-time market data distribution and integration products; the Exchange Solutions unit, which provides multi-asset exchange platform services, managed services and expert consultancy; and the Global Market Data unit, which offers a broad array of global market information products covering multiple asset classes. With offices across the U.S., Europe, and Asia, NYSE Technologies' advanced integrated solutions for a wide range of services has earned the ability to power the trading operations of global financial institutions and exchanges. For additional information visit: http://www.nyse.com/technologies

Bursa Malaysia

Bursa Malaysia Berhad is a public company limited by shares under the Companies Act 1965. Bursa Malaysia is an approved exchange holding company under Section 11D of the Securities Industry Act 1983. Other companies in the Bursa Malaysia Bhd Group of companies include a stock exchange, a derivatives exchange, an off-shore international financial exchange, equity and derivatives clearing houses, a central depository, an information services provider and an Information Technology services provider.

Bursa Malaysia Securities Berhad, a wholly-owned subsidiary of Bursa Malaysia Berhad, is an approved stock exchange under Section 8 of the Securities Industry Act 1983.

For more information, please visit Bursa Malaysia’s website: www.klse.com.my

Philippine Stock Exchange

The Philippine Stock Exchange, Incorporated owns and operate the only stock exchange in the Philippines. The Securities and Exchange Commission granted the company the status of self regulatory organisation in 1998.

It was incorporated in 1992 as a non-stock corporation and underwent a listing by way of introduction in 2003, pursuant to the demutualization mandate of the Securities Regulation Code of 2000. In addition, the PSE sold to strategic investors by way of private placement in 2004.

For more information, please visit PSE’s website: www.pse.com.ph

Singapore Exchange (SGX)

SGX was inaugurated on 1 December 1999, following the merger of two established and well-respected financial institutions - the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX). SGX is Asia-Pacific's first demutualised and integrated securities and derivatives exchange and is listed on its own bourse. The exchange's stock is a component of benchmark indices such as the MSCI Singapore's Free Index and the Straits Times Index (STI).

SGX aims to offer a highly trusted, comprehensive and efficient securities and derivatives marketplace for raising capital, risk transfer, trading, clearing and settlement. SGX facilitates the trading and clearing of commodity futures and over-the-counter (OTC) derivatives such as forward freight agreements and oil swaps. Through strategic alliances and partnerships with other exchanges around the world, SGX is firmly positioned as an Asian Gateway.

For more information, please visit SGX website: www.sgx.com

The Stock Exchange of Thailand (SET)

SET is a fully-integrated exchange providing a wide variety of investment products (i.e., equities, bonds, and derivatives) and quality services to both local and foreign investors, with timely, accurate and complete information disclosure. SET began operations in 1975 and operates under the Securities and Exchange Act, 1992.

SET services investors and other market participants with fully computerised trading systems and aims to enhance the efficiency of market infrastructure to continually meet international standards. The Exchange also emphasises promoting corporate governance amongst market participants and adopting best international practices to enhance the market’s efficiency, transparency and performance.

For more information, please visit SET’s website at www.set.or.th