Bangkok--23 Feb--SET
Singapore and Thailand - Singapore Exchange Limited (SGX) and The Stock Exchange of Thailand (SET) today renewed the Memorandum of Understanding (MOU) to continue the co-operation between the two exchanges towards the development of both capital markets. The renewed MOU underscores the strong ties between SGX and SET.
The MOU aims to foster closer collaboration in areas including securities trading, promotional activities of their market participants as well as information sharing regarding the operations and regulatory framework of their respective securities and derivatives markets. The two exchanges will also seek possible co-operation on cross-trading of securities.
SGX CEO Mr Hsieh Fu Hua said, “The SET has been a like-minded partner in developing a more integrated marketplace among ASEAN exchanges. The renewal of the MOU affirms our common interest in this regard.”
SET President Ms Patareeya Benjapolchai noted, “The MOU between SGX and SET will expand mutual cooperation as well as open up opportunities for further collaborations. It will enable both organizations to be more competitive in the rapidly changing capital market environment.”
SGX and SET first signed the MOU for general cooperation on 27 August 2003. The MOU is renewed today for a further five years until 2013.
Notes
Singapore Exchange Ltd (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
SGX SGX
Magdalyn Liew (Ms.) Amy Balan (Ms)
Assistant Vice President Senior Vice President and Head
Corporate Communications Corporate Communications
Tel : +65 6236 8157 Tel : +65 6236 8190
Mobile: +65 9627 8822 Fax : +65 6557 2651
Fax : +65 6557 2651 Email ; [email protected]
Email : [email protected]
SET SET
Ladawan Kantawong (Ms.) Kanokwan Khemmalai (Ms.)
Head Deputy Head
Corporate Communications Dept. Corporate Communications Dept. Tel : +662-229-2048
Tel : +662-229-2036 Fax : +662-359-1004-6
Fax : +662-359-1004-6 E-mail : [email protected]
E-mail : [email protected]
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. Visit SET’s website at www.set.or.th .