ASEAN Exchanges appoints Deutsche Bank for custody and settlement services
ASEAN Exchanges has appointed Deutsche Bank for custody and settlement services.
Ito Warsito, chief executive officer, Indonesia Stock Exchange, says: “ASEAN Exchanges have made significant progress in meeting several key milestones in our effort to promote the integration of the ASEAN capital market.”
Tajuddin Atan, chief executive officer, Bursa Malaysia, says: “We can now provide streamlined and cost-effective post-trade procedures for cross-border transactions conducted via the ASEAN Trading Link.”
Since the launch of ASEAN Exchanges in Bali in April 2011, a number of key initiatives have been rolled out. Some of these include the ASEAN Trading Link, the ASEAN Stars and the Invest ASEAN retail roadshow.
The seven ASEAN Exchanges have a combined market capitalisation of approximately USD2.90trn and more than 3,600 companies listed on their exchanges. These companies include some of the largest and most dynamic companies in the world, encompassing various sectors such as banking and finance, energy, telecommunications, commodities and manufacturing.
- By Category
- News from other sites
- Special Reports
- Partner events