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.
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."
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."
The Stock Exchange of Thailand (SET), inaugurated in 1975, has continually developed, with the vision to become a capital market that is supportive of the economic development of the country and is recognized in international markets. The SET thus constantly forges ahead to deliver premium products and services with transparency and reliability. It was the first in Asia to specifically establish a Corporate Governance Center, fostering a good governance culture in Thai capital markets. Today the SET has emerged as one of the region's fastest-growing stock markets and is poised to become an even more efficient integrated market. For more information, please visit us at www.set.or.th
Singapore Exchange Ltd (SGX) is Asia-Pacific's first demutualised and integrated securities and derivatives exchange. It was inaugurated on 1 December 1999, following the merger of two established and well-respected financial institutions - the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX). Leveraging on the combined strengths of the former entities, and through its innovative approach, broad range of products, strong international alliances and cutting-edge technology, SGX aims to establish itself as a leading integrated exchange and expand its presence in the global financial marketplace. On 23 November 2000, SGX became the first exchange in Asia Pacific to be listed via a public offer and a private placement. SGX is listed on its own Mainboard. For more information, visit us at www.sgx.com
