Four Southeast Asian exchanges plan to establish a trading link that would boost trading volumes and allow investors greater access to other markets in the region, reports the Wall Street Journal.
Expected to go live by the end of 2011, the Asean Trading Link is being planned by the Singapore Exchange Ltd., Bursa Malaysia Bhd., the Philippine Stock Exchange Inc. and the Stock Exchange of Thailand.
The Journal says the move shows how competition is heating up as the region's markets look for ways to attract traders and company listings. Last year, Singapore Exchange announced an $8.3 billion offer for all the shares of ASX, the operator of the Australian Securities Exchange.
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