"The trading system is extremely crucial in establishing the trust of investors, member companies, and all relevant parties. Since the SET first implemented its computerized trading system in 1991, it has been continually enhancing the performance of the system. The development project this time will be utilizing new technology in both the main and backup systems, so as to enhance its capacity to cope with growing trading turnover as well as any future technological advancements," Mr. Chaiyoot said.
The new system will be structured to be extremely flexible and highly efficient. It will be able to handle multi-products and multi-market trading. Its capacity will be increased multifold to handle the volume of current transactions.
The project implementation consists of design and development phases. The MFEC Public Co., Ltd. (MFEC) is responsible for the design work. MFEC is a listed company having experience in designing and developing real-time systems for leading enterprises. The company has a high caliber team working with the SET.
MFEC's President, Mr. Siriwat Vongjarukorn, disclosed that the SET's project is in line with MFEC's strategy to expand fully into the finance and banking businesses, which will gain from the promising trend of the economy. Therefore the MFEC has sent in a team of technical and field experts to fully support the project. The company is thus confident that its designed system will be able to cope efficiently with any future developments in the capital market.
