Thai bourse targets electronic trading growth

The Stock Exchange of Thailand is planning to offer a wider choice of electronic execution tools in a bid to attract market participants and increase revenues.

The Stock Exchange of Thailand (SET) is planning to offer a wider choice of electronic execution tools in a bid to attract market participants and increase revenues.

In its master plan for 2013, released earlier this month, SET said it planned to improve trading system channels by promoting direct market access and program trading. Such a move is aimed at enabling investor self-service via broker systems.

SET aims to boost revenues from the new services to 10% of total valuation, from its current 7%.

According to Chanisa Chutipat, senior vice president and head of market operation division, the bourse is also looking to develop new products and services to meet demand for new services, such as securities borrowing and lending.

The developments announced this month continue improvements to the market's access and trading infrastructure which began last year. In October, SET connected to the ASEAN Trading Link, becoming the third market in the regional trading network which offers nearly 3,000 listed companies with a market capitalisation of US$1.4 trillion.

In September, SET announced a two-year project with the Korea Exchange and its financial IT services provider KOSCOM to help it develop an integrated clearing and settlement system. The move aims to increase access of products and services to new investors and members by developing new clearing and settlement systems where equities, derivatives and fixed income instruments will be on the same platform.

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