The New York Stock Exchange (NYSE) has signed a Memorandum of Understanding (MOU) with the Stock Exchange of Thailand (SET) in a move expected to enhance market collaboration.
The agreement sets out a framework for cooperation between the two exchanges across dual listings, exchange-traded funds (ETFs), market data and index products, and environmental, social and governance (ESG) initiatives.
It also covers information and knowledge sharing between SET and NYSE.
Asadej Kongsiri, president of SET, said: “This collaboration will deepen connections between the business and investment communities in Thailand and the United States, creating new fundraising opportunities for Thai listed companies through access to global investors and sources of capital.
“At the same time, it will broaden foreign investors’ access to investment opportunities in Thailand and expand fundraising options for foreign companies investing in Thailand, in line with the BOI to IPO initiative.”
He added that the partnership “reflects SET’s commitment to enhancing the competitiveness and accessibility of Thailand’s capital market, in line with its vision, ‘the trusted gateway to inclusive opportunities.’”
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The two exchanges have collaborated since 1992, when their cooperation centred on market surveillance.
NYSE head of strategic operations and corporate affairs, Will Goodwin added: “NYSE has a long and valued relationship with the Stock Exchange of Thailand, and this MOU marks an important next step, deepening the ties between our two markets and creating new opportunities for issuers and investors.
“We look forward to working closely with SET to support the long-term growth of Thailand’s capital markets.”
