Published On: Fri, Mar 4th, 2011

Thai Bourse Promotes Algorithmic Trading

The Stock Exchange of Thailand (SET) is urging securities companies and institutional investors to adopt the algorithmic trading program, which allows stock trade to be executed automatically and enhances the standards of investors’ portfolio management to match that of leading world markets. The SET is also joining Chulalongkorn University to launch a competition on algorithmic trading from March 19-20.

Algorithmic trading has been increasingly popular in major stock markets around the world as it helps lessen the impact on securities prices in case of large volume of trade orders, SET President Charamporn Jotikasthira noted. Algorithmic trading helps investors accurately and completely manage their portfolios to match their needs, while injecting liquidity into the market, lowering costs borne by traders as well as elevating the quality of broker’s service to match international standards.

“On some overseas markets, trade volume through algorithmic trading represents more than 20% of total trade. In Thailand, the system has been more and more popular lately, as the SET has been upgrading its market access service to make securities trade through algorithmic trading more efficient, increasing market liquidity”, said Mr. Charamporn.

To make algorithmic trading more widely-known, promote proficiency in writing algorithmic trading computer program, and improve the skills of securities companies’ personnel, the SET is joining hands with the Faculty of Commerce & Accountancy, Chulalongkorn University, Bangkok, to conduct the Algorithmic Trading Workshop & Competition, on March 19-20. Up to 20 teams, each with no more than 3 members, are encouraged to participate. Cash prizes worth a total of THB60,000 for general applicants, and trophies and certificates for securities companies will be given to the winners.

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