Vietnam's Ho Chi Minh Stock Exchange (HSX) has joined the group of ASEAN countries that is exploring the creation of a cross-border electronic trading platform.
The existing five exchanges in the group – Bursa Malaysia, the Indonesia Stock Exchange, the Philippine Stock Exchange, Singapore Exchange and the Stock Exchange of Thailand – signed a memorandum of understanding with HSX at the 9th ASEAN Exchanges CEOs Meeting in Kuala Lumpur.
The electronic linkage will allow investors from each of the participant countries to access each other's capital markets through a single point. The initiative also aims to establish an ASEAN Bulletin Board, which will display market data from each of the participating exchanges.
The original memorandum of understanding was signed in Bangkok by the initial five exchanges in February this year.