Thailand Stock Exchange trades at very low valuations compared to the rest of the world, and one of the largest contributing issues to that problem, ease of access is being corrected.

The Stock Exchange of Thailand (SET) is developing a trading system in close cooperation with brokerages that will support all securities products and smoothly connect with foreign exchanges. This new system will support the needs of domestic and foreign investors, increasing business opportunities for securities companies, and enhancing the Thai capital market competitiveness in the global arena, according to the SET IT Master Plan.

This new trading system will allow more investors to invest in Thailand, this increased demand alone will take the market over 1000 before March 2011.

“SET has proposed its IT Master Plan to top executives from securities companies so that we can work together prepare our operations and personnel to reach a higher level of compliance with international standards,” revealed SET President Charamporn Jotikasthira.

“At present, global exchanges emphasize developing their trading systems to reach higher levels of efficiency, meeting international standards and able to readily connect to the trading systems of foreign markets. In addition, exchanges tend to adjust their rules to facilitate quick transmission of orders. Competition in reducing costs and time of operation processes has intensified, partly because of a more advanced technology with lower costs. New trading systems being introduced, e.g., Alternative Trading System (ATS), are receiving great attention from investors due to its higher speed, lower cost, and less rules than other exchanges,” said Mr. Charamporn.

“SET began developing its IT Master Plan in 2009, and plans to complete it this year. SET will take about six months from now to choose a vendor to develop and test the system. SET and brokerages will set up a working group to implement the IT Master Plan and achieve our joint goals,” he continued.

The IT Master Plan is one of SET major strategies to build a solid foundation for development, by enhancing the trading system’s efficiency to be advanced and able to support the trading of all products, i.e., equities, futures, and bonds, on a single platform.

Shayne Heffernan www.livetradingnews.com

Posted by Shayne Heffernan on Jul 27th, 2010and filed underAsia, Equities, Latest News, Limelight, Markets, News & Events.You can follow any responses to this entry through theRSS 2.0You can leave a response by filling following comment form or trackback to this entry from your site