Thai bourse moves to bolster clearing

Jeremy Grant of the Financial Times reports the Stock Exchange of Thailand has signed an agreement with the Korea Exchange (KRX) to upgrade its clearing and settlement system in the latest example of Asian exchanges moving to cope with increasing demand for automated trading and regulatory pressure for more use of clearing.

Separately, the Tokyo Commodities Exchange (Tocom) on Monday extended until 2019 an existing contract with Nasdaq OMX, under which the US exchange operator will continue to operate and support Tocom’s trading and clearing platform for commodity derivatives. Tocom said it had also upgraded its platform to allow faster trading.

The move by the Thai exchange is a sign of KRX’s ambitions to expand ties with exchanges in Asia, especially in the broader Mekong region where KRX already provides trading systems to exchanges in Cambodia and Laos.

Read More

Advertisements
This entry was posted in Articles, Business, Finance, U.S. Economy, World Economy, World Exchanges and tagged , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s