Bursa Malaysia has introduced Asean Post-Trade Services to facilitate the clearing and settlement of outbound trades executed on the Asean Trading Link.
Launched in 2012, the Asean Trading Link is a platform designed to link the various national exchanges in South East Asia, including Bursa Malaysia Berhad, Singapore Exchange and the Stock Exchange of Thailand.
The Asean post-trade services implemented by Bursa Malaysia will give its Participating Organizations (POs) for outbound (non-Bursa Malaysia Securities) trades a consolidated view of their foreign shareholdings with participating Asean exchanges, and real-time access to these foreign securities via the custody system.
“The introduction of these services is an important landmark for the Malaysian capital market as it allows for more efficient cross border post trade processes and will lower the risk that exists in the current inter-broker arrangements,” says Dato’ Tajuddin Atan, CEO at Bursa Malaysia. “These services will be implemented progressively for all outbound trades for the remaining ASEAN stock exchanges, as and when an ASEAN Stock Exchange comes on aboard the trading link.”
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