Thai bourse joins alternative trading platform

Reading Time: 2 minutes

ThaiSETThe entry into Thailand of the alternative trading network Liquidnet in April 2013 has prompted the Stock Exchange of Thailand (SET) to make rapid upgrades to its trading system and improve competitiveness to protect its market share, the Bangkok Post reported.

Liquidnet was founded in 2001 as a wholesale electronic marketplace where institutional investors could trade huge lots of equities. It links with nearly 1,000 asset managers and management firms worldwide whose assets, trading and investment are together worth $12 trillion. It has developed its alternative trading system (ATS) with full support of the US regulator.

SET’s executive vice-president Pakorn Peetathawatchai said the bourse has had concerns since the entry of the ATS in April, as it has advantages over major bourses. For example, investors are not required to pay brokerage fees.

He said the SET must keep improving its efficiency, as Liquidnet is not alone – there are about 50 companies providing alternative share trading venues to investors. For the SET, the only way to maintain its market share in trading services is by improving its system in terms of speed even though its system is already fast.

The SET allows trading orders to be placed at speeds 10 times those of Japanese exchanges. A fast multiple currency trading system should also be in place early next year. The SET is also considering easing rules and regulations for long-term trading.

Currently, Liquidnet operates in 42 markets on five continents. In Asia-Pacific, Liquidnet entered the Philippines last year, Indonesia in 2011 and Malaysia in 2010 and is also in Australia, New Zealand, Hong Kong, Japan, South Korea and Singapore.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Reading Time: 2 minutes

The entry into Thailand of the alternative trading network Liquidnet in April 2013 has prompted the Stock Exchange of Thailand (SET) to make rapid upgrades to its trading system and improve competitiveness to protect its market share, the Bangkok Post reported.

Reading Time: 2 minutes

ThaiSETThe entry into Thailand of the alternative trading network Liquidnet in April 2013 has prompted the Stock Exchange of Thailand (SET) to make rapid upgrades to its trading system and improve competitiveness to protect its market share, the Bangkok Post reported.

Liquidnet was founded in 2001 as a wholesale electronic marketplace where institutional investors could trade huge lots of equities. It links with nearly 1,000 asset managers and management firms worldwide whose assets, trading and investment are together worth $12 trillion. It has developed its alternative trading system (ATS) with full support of the US regulator.

SET’s executive vice-president Pakorn Peetathawatchai said the bourse has had concerns since the entry of the ATS in April, as it has advantages over major bourses. For example, investors are not required to pay brokerage fees.

He said the SET must keep improving its efficiency, as Liquidnet is not alone – there are about 50 companies providing alternative share trading venues to investors. For the SET, the only way to maintain its market share in trading services is by improving its system in terms of speed even though its system is already fast.

The SET allows trading orders to be placed at speeds 10 times those of Japanese exchanges. A fast multiple currency trading system should also be in place early next year. The SET is also considering easing rules and regulations for long-term trading.

Currently, Liquidnet operates in 42 markets on five continents. In Asia-Pacific, Liquidnet entered the Philippines last year, Indonesia in 2011 and Malaysia in 2010 and is also in Australia, New Zealand, Hong Kong, Japan, South Korea and Singapore.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid