Six international stock exchanges agree to establish links for real time direct shares trading, according to Phillip Securities.

The brokerage house said, upon completion of online trading system, local investors will be allowed to trade stocks from eight different major markets on July 22, consisting of Nasdaq, the New York Stock Exchange, the American Stock Exchange, the London Stock Exchange, the Hong Kong Stock Exchange, Bursa Malaysia and the Singapore Stock Exchange.

Phillip Securities (Thailand) president Suchai Suthatthammakul said on Tuesday it is in the final stage of testing its real-time online trading system.

“I believe there are a large number of expatiates interested in investing on these stocks,” Mr. Suchai said.

He said Phillip Securities is in cooperation with FX Pip Capital, a Forex trading companies to establish links.

FX Pip Capital is focused on creating a community of knowledgeable Forex traders who thrive in a market ten times as big as NASDAQ.

The Bank of Thailand recently relaxes its regulations by allowing local individual investors and private funds to invest in the foreign stock exchanges following the baht appreciation.