Annual Report 2017

22 Annual Report 2017 Vision and Mission The Stock Exchange of Thailand and its subsidiaries have a vision “To Make the Capital Market ‘Work’ for Everyone” . Our objective is to make the Thai capital market benefit all stakeholders both directly and indirectly. We believe that a suitable business growth will lead to national strength and this in turn will lead to the betterment of society. The SET group operates under 5 missions: (1) To “plant” state-of-the-art financial Platform Development that is both innovative and accessible to our customers locally, regionally and globally, (2) To innovatively “grow” Product Development that not only caters to market needs but also resonates the sustainable growth. (3) To “foster” People Development to ensure that our people will be best equipped with business competencies and professional integrity, (4) To “implant” an Inclusive Growth Approach that will enable us to performas the best business partners and social supporters, and (5) To continuously “cultivate” ourselves and our stakeholders by investing in Knowledge Management - creating, sharing and generating knowledge as part of an intangible asset. Business Overview The SET group is the only stock exchange in Thailand. SET provides end-to-end exchange services consisting of the following core businesses as follows: Exchange business 1. Securities market Listing and trading: SET Group provides securities listing and trading services for equity instruments through SET and Market for Alternative Investment (mai) and provides services for bond instruments through Thailand Bond Exchange (TBX) for bonds. As of December 31, 2017, there were 538 companies listed on SET and 150 on mai along with 380 bond products listed on TBX. SET Group also lists other types of securities, e.g., warrants, derivative warrants (DW), exchange-traded funds (ETF), real estate investment trust (REIT) and infrastructure fund (IFF). Clearing and settlement: SETGroup is a clearinghouse for transactions taking place on SET, mai and TBX. SET Group serves as the central counterparty (CCP) for all trading activities on those exchanges. In addition to serving as CCP for trading on the exchanges, SET Group provides clearing and settlement services for over-the- counter bond trading. Depository: SET Group acts as a central securities depository for stocks and bonds, using a secure and efficient scripless system. SET Group provides services for securities deposit, withdrawal, transfer, pledge and revocation. Investors can conduct these transactions through our depository members. Market regulation: SET Group supervises trading activities of all market participants to ensure that the market is fair, orderly and transparent. SET Group also requires listed companies to disclose accurate, transparent and timely information to investors and the public. 2. Derivatives market SET Group operates a derivatives market that trades derivatives products of which underlyings include securities, commodities, government bond, short-term interest rate and foreign exchange. SET Group also performs aclearingandsettlement function for transactions in the derivatives market. In addition, SET Group supervises all market participants’ activities to ensure a well-functional market operations. 3. Technology services SET Group provides both front and back office services for members, e.g., Front-office Service Bureau (FSB), Internet trading system, and Back-office Service Business Operation of SET group