Thai Bourse Completes Platform Development
The Stock Exchange of Thailand (SET) has announced the completion of its new securities trading system, SET Connect.
The platform will be rolled out on 3 September, after being developed in conjunction with Cinnober. Aimed at speed, it will use Fix connectivity in order to link with other exchanges, and constitutes part of SET's overall IT master strategy. Other advancements, along with the trading software, have also been built in to the platform.
"In addition to SET Connect, Thai bourse will also start operating its new market data system, integrating directly with the new trading engine," says Charamporn Jotikasthira, president at SET. "The new market data system will be more efficient in disseminating trading information to systems of members and information services providers with fairness and transparency. SET has also developed its market surveillance system to comply with international standard. This system is able to instantly and proactively monitor and detect anomaly with high effectiveness, boosting our reliability and minimizing possible risks.
"All three new systems will boost the Thai capital market's competitiveness which is our crucial step to provide trading services with cutting-edge technology, making it one of the world's most efficient trading engines," he added.
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