Jakarta sees no reason to join underperforming Asean stock trading platform

Singapore

TRADING volume on the much-trumpeted Asean Trading Link that allows for cross-border trading on the bourses of Singapore, Malaysia and Thailand stood at a measly 0.018 per cent of their total turnover last year, according to Indonesia's capital market supervision chief.

The negligible trading pattern could be a setback for the multi-lateral link that was rolled out four years ago with the lofty goal of hooking up all the Asean exchanges and galvanising trading, with Indonesia saying that the Jakarta Stock Exchange will only hop on to the link if the benefits were clear. For now, that remains elusive.