A new technology deal struck by major Asia-Pacific stock exchanges with NYSE Technologies this month could pave the way for more Australian investors to buy Asian equities much easier than before.

According to a press statement, Bursa Malaysia (BM), the Philippine Stock Exchange (PSE), Singapore Exchange (SGX) and the Stock Exchange of Thailand (SET) have all signed the letter.

The award marks a significant first step towards the establishment of an integrated ASEAN Capital Market, noted a press statement from NYSE Technologies.

The tech firm was selected after the exchanges conducted a rigorous process to determine the technology services provider best suited to work with the exchanges to design, build and manage the technology solution required for the ASEAN Trading Link.

Once complete, the ASEAN Trading Link will electronically interconnect the participating ASEAN exchanges to facilitate cross border order routing and trading, thereby allowing investors and members to access multiple ASEAN markets from their domicile country.

This trading network will enable participating ASEAN Exchanges to connect to external order routing networks in order to attract new order flows into the ASEAN equities market.

"The ASEAN Trading Link will strengthen the competitiveness of the member exchanges and enable them to better serve their customers," said Duncan L. Niederauer, chief executive, NYSE Euronext.

"National and regional interest will be well served by giving investors greater access to global capital to facilitate new development, growth and wealth creation."

The Philippine Stock Exchange's president and chief executive, Francisco Edralin Lim, described the appointment of NYSE Technologies as a large step towards realising the Exchange Alliance strategic framework that supports the establishment of an integrated ASEAN Capital Markets.

A division of NYSE Euronext (NYX), NYSE Technologies provides transaction, data and infrastructure services and managed solutions for buy-side, sell-side and exchange communities that require next-generation performance and expertise for mission critical and value-added client services.

This division operates four units: the Global Connectivity unit; the Trading Solutions unit; the Exchange Solutions unit; and the Global Market Data unit.