ASEAN Exchanges, a collaboration of six exchanges from Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam, announced this Tuesday that it has selected Refinitiv's digital solutions to power its online platform.
Namely, Refinitiv will provide data and insights to retail and institutional investors, with the ultimate aim of promoting investment in the ASEAN region, the company said in the statement released today.
Refinitiv's content, data sets, and Analytics have been integrated into ASEAN Exchange's website, which has been newly launched—giving investors access to real-time financial market data and news.
Commenting on the partnership, Steven Carroll, Managing Director, ASEAN at Refinitiv, said in the statement: "ASEAN is a dynamic and fast-growing part of the world, providing compelling investment and growth opportunities."
"Refinitiv is at the forefront of providing the data, information and infrastructure needed to empower markets, investors, businesses and companies. We are proud to support ASEAN Exchanges which represents all the key exchanges in the region, as we continue to work closely with the equities trading community."
Refinitiv partnership to promote growth in ASEAN region
The ASEAN Exchanges collaboration was established last year. The aim of the arrangement is to promote the growth of the region's capital markets.
"The new ASEAN Exchanges website together with integrated data solutions from Refinitiv will serve as a single platform providing investment information across six ASEAN countries to global investors," added Pakorn Peetathawatchai, President, The Stock Exchange of Thailand on behalf of ASEAN Exchanges.
"Through this new enhancement, ASEAN Exchanges has gained support from research houses in ASEAN in providing valuable investment research papers, accessible by any investors. ASEAN Exchanges will continue to work with best in class partners to build greater services to investors."
The partnership with Refinitiv comes at a time when the markets data provider is expected to be acquired by the London Stock Exchange (LSE). As Finance Magnates reported in January, it was revealed that the LSEG would reportedly file its deal to buy Refinitiv for $27 billion with European Union (EU) antitrust authorities.
