Thai exchange demutualization proposal receives a positive response
At The Stock Exchange of Thailand (SET)’s seminar (Mar. 25), Surviving Intensifying Global Capital Market Competition, participants explored a range of strategies, such as demutualization, creation of more product variety and the exploitation of niche markets, to support the Thai capital market in an era of fierce global pressure.
A key discussion, entitled A New Chapter for Thai Exchange and Security Industry in the Global Competition, brought together Trinities Securities Co., Ltd. Chairman Pakhawat Kovitwattanapong, Phatra Securities PCL Director and Chairman Banyong Pongpanich, Securities and Exchange Commission Assistant Secretary General Tipsuda Thavaramara and SET Research Institute Executive Director Kobsak Pootrakool, who acted as moderator.
There is still room for the Thai market to create more product variety and tap niche markets. For example, the repurchase market can support bonds and both futures and options have good prospects, Mr. Pakhawat said.