Thai bourse approves Direct Market Access by institutions
Domestic and foreign institutions will be able to trade directly in the Thai market via the Direct Market Access (DMA) system, The Stock Exchange of Thailand’s (SET) board decided today. This step will facilitate trading to be in line with that of other exchanges, making Thailand more attractive and boosting the investor base.
The SET will work closely with member companies and adjust relevant systems accordingly, as this change will take effect by Q1/2007.
“Allowing order sending via the DMA system will reduce errors from re-keying, as institutional investors will directly connect their systems to those of their brokers and send orders by themselves. Nevertheless, SET member companies are required to have risk management systems, e.g., for auto-checking, so that orders are verified before being transmitted to SET,” Senior Vice President of SET Mr. Supakit Jirapraditkul disclosed. For more information, please contact the Corporate Communications Dept.:
Ladawan Kantawong Tel: 0-2229-2036 / Kulvida Jintakawong Tel: 0-2229-2037 /