Published On: Mon, Aug 23rd, 2010

New Intra-Second Streaming of FTSE SET Large Cap

New intra-second streaming of FTSE SET Large Cap will provide fastest delivery of Thai market data

FTSE Group (“FTSE”), the award-winning global index provider, and the Stock Exchange of Thailand (“SET”), announced that the SET Large Cap Index is being upgraded to provide the Thai market with the first truly real time index service.

From today, the FTSE SET Large Cap Index will be delivered on a streaming, intra-second basis, rather than the standard 15 second tick dissemination for real time indices.

FTSE continues to lead the way in index innovation and is the first index provider to launch indices on a truly real time basis. The FTSE SET Large Cap Index value will now be disseminated each time there is a change in the underlying constituent price. This provides investors with a better reflection of market activity and increased transparency on trades against the index.

Market participants, including investment banks and investment managers, using the new service can make trading decisions based on the latest index values and so respond more quickly to immediate market events.

As well as the faster dissemination of index values, FTSE has introduced real time total return index (TRI) values that were previously only available on an end-of-day basis. Extending this enhancement to the FTSE SET Large Cap Index supports the development of financial products against TRI benchmarks for Thailand and allows product issuers to make truly real-time intra-day valuations of index portfolios.

Paul Hoff, Director of Business Development Asia, FTSE Group said: “By always anticipating investor needs, FTSE is at the forefront of innovation in investment solutions. Our new real time streaming of the FTSE SET Large Cap will enable investors respond to changes in the Thai markets faster. The service also enhances our ongoing work with the Stock Exchange to provide investors with the best index solutions for Thailand.”

“This latest development is another SET and FTSE effort to enhance market efficiency and we believe that this service will add lots of benefits to clients. The faster the data is released, the better the clients
are able to make investment decisions.”, said Ms. Kesara Manchusree, SET Group Head, Markets Division.

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