SET EVP, Mr. Chaiyoot Chamnanlertkit, revealed that in 2005 the SET’s IT Department has developed its system structure to support the Exchange’s expanding role as the trade center for all types of securities and instruments, including derivatives (which are to be launched on April 28, 2006).
“The SET meets quarterly with its member companies to summarize our latest Information Technology (IT) developments and discuss other expansion issues. The SET is confident our IT system can accommodate the growing trading volume, especially in the equity market, which is expected to see about 100 new listings in 2006, boosting the daily trading turnover to THB24 billion, or a 50% increase over 2005.”
Last year, the SET’s IT Department achieved its goal of improving all principal system structures to be better in line with current technological advancements, and can maintain its trading system’s stability while coping smoothly with any problems that may arise during transactions without having to halt trading.
“Our goal in 2006 is to ensure the readiness of our IT system to accommodate more diversified investment options, the growth of both the equity and debt markets and the launch of derivatives. The SET has been working with member securities companies to better ensure stability in our trading system overall. There were several discussions and joint preparations to help all members mutually develop their systems, personnel and related work, as well as to help them become more skillful with the system so that they can provide more timely maintenance whenever a technical problem occurs. This will better assure that our entire interconnected work system will operate more efficiently and be ready for future developments,” Mr. Chaiyoot said.
In accordance with the second Thai Capital Market Master Plan, there will be an effort made to boost the supply and number of institutional investors in the equity market, the debt market will be expanded by an increase in the number of government and corporate bonds so as to swell the bond market’s volume to be equivalent to that of the financial sector, and financial innovations will also be promoted. As already noted, the derivatives market will be launched in April.
