Four Southeast Asian stock exchanges have selected Sungard to provide a cross-border trading platform and order routing service. The Bursa Malaysia, the Philippine Stock Exchange, the Singapore Exchange and the Stock Exchange of Thailand aim to enable cross-border dealing by the first quarter of 2012.
SunGard will provide infrastructure for the network based on its Valdi trading solution suite, which offers global, multi-asset class order management, market access, liquidity and compliance management as well as hosted services. The trading link will electronically interconnect participating ASEAN exchanges to facilitate cross-border order routing and trading, thus assisting investors and members access ASEAN markets through a single connection.
Click here for the release from Sunguard.