The MOU will foster the long-term relationship between SET and SGX by providing platforms for possible cooperation in areas such as joint promotion and marketing, as well as information sharing regarding the operation and regulatory framework of their respective securities markets.
SGX CEO Mr Hsieh Fu Hua said, "We are happy to establish this agreement with SET. We believe this tie-up, together with SGX's other alliances, will facilitate the growth and development of the region's capital markets."
SET President Mr Kittiratt Na-Ranong noted, "This MOU is a significant step to further reinforce the already-strong relations between our exchanges. We look forward to continue working with SGX to further expand both markets and thus develop the region as a whole."
