Annual Report 2017

40 Annual Report 2017 smart phones. At the end of 2017, a total of 13 asset management companies and 9 selling agents participated in FundConnext. In 2018, there will be a one-stop service on clearing and payment for mutual funds for investors to set faster and more convenient services. modern and stable technology, reducing energy usage, while increasing safety, as well as reducing cyber security risks. In addition, the equipment selection was based on modular design for future expansion. Co-location service standard was also upgraded in such a way as to increase the IT system stability by operating under the data center (DC Facility) similar to the world’s leading stock exchanges. In the digital era, SET has welcomed systemdevelopers or independent software vendors (ISV) to submit applications for systems development. ISVs both in Thailand and abroad have shown interest in developing more advanced system platforms used for SET, consisting of seven equity system vendors, two derivatives system vendors, one back-office system, and four FundConnext system vendors. 3.2 Expanding the roles of the Thai capital market in the global arena and collaborating with regional capital markets SET has continued to expand its role on the world stage. Following the SET President’s being elected to the WFE Board of Directors in 2016, SET hosted the World Federation of Exchanges (WFE) 57 th General Assembly & Annual Meeting in 2017 under the theme “Social Value of Exchanges.” More than 300 leaders from stock exchanges, clearing houses, and the capital market agencies from all over the world participated in the conference from September 6–8, 2017 at the Grand Hyatt Erawan Hotel, Bangkok. In 2017, SET through its newly established subsidiary named Live Fin Corp Co., Ltd. used blockchain technology to develop its LiVE platform, an electronic platform for startups and SMEs to access sources of funds and securities trading so that they can grow their businesses more effectively. SET’s state-of-the-art information technology standard adheres to the ISO27001 standards for Information Technology to further enhance the Security Management Systems, and ISO20000 standards for Data Management Services. To further enhance, SET was recertified in 2017 by the British Standards Institution (BSI), an international organization that evaluates administrative and management standards. Furthermore, SET improved its data center by utilizing more