The Stock Exchange of Thailand (SET) has confirmed that it will operate as normal on October 25 despite the flood situation in the Bangkok vicinity area. Trading sessions of the SET, the Market for Alternative Investment (mai), Thailand Futures Exchange (TFEX) and Bond Electronic Exchange (BEX) will open on Tuesday, October 25, 2011.
“After reviewing the flood situation in Bangkok and checking with brokers for operational readiness, we are confident that our key operational systems and staff are well prepared for normal trading operations. We have been actively monitoring the flood situation and coordinating with brokers. We have also prepared a comprehensive backup plan if the flood were to affect the operations of our head office,” said SET President Charamporn Jotikasthira.
However, certain brokers may have adjusted some operational procedures during this period. Thus, SET encourages investors to keep in close contact with their respective brokers, Charamporn added.
In addition, SET advises investors, who hold their securities in a script form and wish to trade in the near future, to deposit their securities certificates with Thailand Securities Depository Co., Ltd.’s (TSD) scripless system. Investors should also ensure their readiness for automatic money transfer through banks for securities trading and possible adjustments in margin requirements.