Published On: Wed, May 7th, 2014

Thailand Futures Exchange’s New Trading And Clearing Systems Go Live

Kesara Manchusree, President, SET

Kesara Manchusree, President, SET

The Thailand Futures Exchange PCL (TFEX), under the Stock Exchange of Thailand (SET) group, announced the successful launch of its new derivatives trading and clearing systems on 6 May, operating smoothly on the same platform as the equities trading’s SET CONNECT. With well-proven technology by Cinnober and developed by Korea Exchange, the new systems provide cross-asset class trading efficiently and could support multi-currency and multi-market trading.

SET and TFEX Chairman SathitLimpongpan said “This development is part of SET’s three-year strategy (2014-2016) aiming to boost efficiency of its infrastructure in connecting to global capital markets, thus strengthening its capabilities. It will also increase SET’s international competitiveness among the world’s
leading stock exchanges, as well as supporting future expansions of the Thai capital market.”

TFEX Managing Director KesaraManchusree said that the integration of the two trading systems to become a single platform enables investors to design strategic trading for the cross-asset class efficiently. With a world-class multi asset platform based on high performance and flexible solution, the new clearing system helps increase capacity of risk management following international standard, supports real-time connectivity to clearing houses with depository and settlement services worldwide, as well as multi-market and multi-currency trading.

“We have received great cooperation from all broker members in testing the new systems for over months before going live. This will certainly ensure investors that the new platform is secure and stable, as well as capable of meeting current and future trading demands efficiently,” Kesara added.

May 6 is also the launch of mini SET50 Futures, designed to reduce its contract size to be one-fifth that of the current SET50 futures. It was received well response with trading volume of 84,609 contracts, while the total trading volume of TFEX was 214,960 contracts worth of THB 21.30 billion.

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