The FINANCIAL — Singapore and Thailand – Singapore Exchange Limited (SGX) and The Stock Exchange of Thailand (SET) on February 23 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 co-operation 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 co-operation on 27 August 2003. The MOU is renewed today for a further five years until 2013.