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Significant Developments
at SET in 2015
30
Annual Report
2015
Throughout 2015, The Stock Exchange of Thailand continued to drive business growth while
maintaining leadership inASEAN in certain areas. SET has encouraged all the capitalmarket sectors
to integrate sustainable development into their business processes for continuous growth. If tak-
ing into account the stakeholders’ needs and based on the capital market’s strong foundation,
the country’s economic competitiveness will be increased.
Focusingonthedevelopmentonboththequalityandquantitydimensions, SETdiversifiesproducts
and services to meet the various needs of both investors and fundraisers, while strengthening
the fundamentals and stakeholders’ potential to cope with future changes. In summary, in 2015
SET enhanced three key attributes: stability, wealth and sustainable growth, as follows.
1. Increasing stability
SET aims to stabilize the Thai capital market via risk
management tools and advanced technology. In 2015, the focus
was on building effective securities trading surveillance to ensure
transparency, as such creating confidence among investors
and stakeholders. Advanced technology and innovations were
introduced in all dimensions to accommodate future growth.
Optimizing risk management
Improvingsurveillancemeasures toavoidinvestment risk
SET places utmost importance on surveillance of securities
trading to ensure transparency by improving the Trading Alert
and Cash Balance measures to impose on securities with trading
irregularities, ensuring effective detection, as such investors
will be informed of the updated information and the risk impact
on the whole system can be minimized. In addition, penalties
on members have been adjusted to correspond with the level of
impact and damage occurred currently.
Managing risk in line with international standards
Furthermore, in 2015 Thailand Clearing House Co., Ltd.
(TCH), a SET subsidiary, upgraded the risk management measures
for the clearing and settlement system, including the securities
depository in accordance with the new foreign regulatory standards
of the Principle for Financial Market Infrastructure (PFMI) and
European Markets Infrastructure Regulation (EMIR) in order to
strengthen the confidence of Thai and foreign investors.
Embracing digital systems
SET has applied digital technology in this digital economy
to become a digital exchange. It helps increase office-wide
efficiency and service development covering securities listing,
securities trading, and investment information providing, as
well as post-trade services, as follows:
SET has increased efficiency so that from now on the ap-
plicants requesting securities to be listed can now apply
via electronic system. This system was first used with
derivative warrants (DW) in 2012 and has been developed
steadily and in it could handle new share issuance and
stock warrants. In 2015, SET fully entered the digital era
by launching a digital listing service (Digital IPO) covering
all types of equity, officially started on January 25, 2016.