Mr.Vicharat Vichit-Vadakan, President of the Stock Exchange of Thailand said, "The SET has finished developing all the systems to support the trade of the new SET50 Options. The SET has also provided information to ensure that all market participants are informed and ready for the new instrument. The November test program will be the 'Big Test' for all systems including the trading, clearing, settlement, information dissemination and securities companies back office systems. This is to ensure that all the systems will work properly before the introduction of SET50 Options."
"The 'Big Test' in November will allow all related parties, especially brokers and sub-brokers, to fully assess their readiness for the trading of SET50 Options. We have announced the testing program well in advance so that everyone can prepare his or her systems and personnel in advance. When testing takes place we will all know fully how the system works. After that we will allow investors to practice trading SET50 Options on a trial basis. The results of all the program testing will be evaluated and used to implement any necessary changes before the actual trade of the SET50 Options commences." said Mr. Vicharat.
SET50 Options are option contracts whose underlying asset value is determined using the SET50 Index. A SET50 Option buyer has a right to receive money on the specified date if the option is in the condition defined. The reverse applies to a seller. It is a new investment alternative which investors in Thailand can use to manage their risk. The SET has provided continuous educational sessions for all market participants through various training courses and workshops. Interested parties who require more information on these courses please contact the Thailand Securities Institute SET via the Website www.tsi-thailand.org.
