Stock Exchange Of Thailand And Association Of Securities Companies Deny Rumors On Marketing Commission Cut

The President of The Stock Exchange of Thailand (SET), Mr. Kittiratt Na-Ranong, disclosed that news on the marketing commission cut, as it has appeared in some media, indicating that the current 27.5% commission of the clients' trading fee charges would be reduced. This news came as a big surprise to the President of the Association of Securities Companies (ASCO) after which an inquiry has been sought.

"Both ASCO and the SET would like to deny the news on the marketing commission being cut from 27.5% to 10%. This issue might be brought up by people intending to cause some confusion. Currently some securities companies may pay a fixed salary rate plus mid-year and year-end bonuses, whilst some others pay an amount calculated from their clients' monthly trading charges.

"These two systems both have their advantages and disadvantages. Any improvements or adjustments of the details would depend upon each company's thorough consideration. We therefore deny any rumors, no matter from what media, on the decreasing of the marketing commission payment to 10%. The rumor is totally untrue and was initiated by neither the SET nor ASCO," Mr. Kittiratt said.