Stock Exchange of Thailand to Amend Rules in Line with Global Standards

As reported by The Nation’s Siriporn Chanjindamanee, the Stock Exchange of Thailand plans to amend its regulations on capital securities trading to be in accord with international standards. The SET expects the amended rules will come into effect in July next year.

The timing is the same as that of changes to the stock-trading system under the bourse’s information-technology master plan.

After the SET’s board of governors approved Cinnober Financial Technology as the developer of the main IT system – ranging from equity securities, derivatives and information dissemination to surveillance – it is expected to begin operating in the second quarter of 2012.

SET president Charamporn Jotikasthira said the exchange was improving 18 rules governing capital securities trading, surveillance and dissemination of information for both the SET and the Market for Alternative Investment.

The amendments will affect ceiling and floor levels of initial public offering shares on the first trading day, market orders, and changes of intra-day orders. The first-day IPO ceiling will be maintained at 300 per cent, while the floor will be raised to 300 per cent from 50 per cent currently.

Read More

Advertisements
This entry was posted in Articles, Breaking News, Useful Links and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s