Sign up | Log in



Home  >>   Daily News  >>   Thailand  News  >>   Capital Markets  >>   Algorithmic trading arrives in Thailand
NEWS UPDATES Asean Affairs        5  March 2011

Algorithmic trading arrives in Thailand

Related Stories

January 29,2011
Thai gold firm plans listing

January 19,2011
Thai bourse's index soars 41 percent above 2010

January 6, 2011
Thai IPO offers expected to be numerous

December 4, 2010
Thai tax breaks for MAI listing

October 27, 2010
Thai fund opens for Chinese stocks

October 14, 2010
Thailand's SET enjoys Best 3rd quarter

March 15, 2010
Thailand: Grenade attack raises tension as red-shirt protests

The Stock Exchange of Thailand (SET) is encouraging program trading in a bid to boost the volume traded via this system to 20 percent of the total within three years.

Program, or algorithmic, trading uses computer programs to enter trading orders, with the computer algorithm deciding on aspects of the order such as timing, price or quantity, even initiating orders without human intervention.

Pakorn Peetathawatchai, the SET's chief marketing officer, said the exchange expected program trading would soon grow more popular. Only 3 percent of trading volume is now done using the system.

Program trading has been available for 10 years, but most users are brokers and institutional and foreign investors that are able to execute transactions through a direct market access system. It is not open to individual investors, as it is difficult for small investors to manage the risk involved.

"It's not proved very popular so far, but it can be really helpful, particularly for investing in a number of stocks simultaneously,"said Dr. Pakorn.

Only seven brokers now use the trading platform: KGI Securities, UBS Securities, Asia Plus Securities, KT Zmico Securities, Credit Suisse, Phatra Securities and Bualuang Securities. Most of these focus on institutional or foreign investors.

"The SET will now focus more on promoting program trading to foreign investors, especially during the next international road show in Japan," said Dr. Pakorn.

Retail investors account for 60 percent of all trading on the SET, followed by foreign investors at 20 percent and local institutional investors and proprietary traders at 10 percent each. However, SET president Charamporn Jotikasthira said securities firms still lacked qualified financial professionals to operate the advanced technology trading platform.

The SET announced yesterday that it would hold an algorithmic trading workshop and competition to be organised by Chulalongkorn University's commerce and accountancy faculty.

The contest is open to university students, securities company staff and the general public, with 60 contestants to be chosen to compete.

The deadline for applications is next Friday, with winners receiving cash prizes of 60,000 baht (US$2000).

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    5  March 2011 Subsribe Now !
• South Sulawesi outlaws Ahmadiyah
Subcribe: Asean Affairs Global Magazine
• Higher foreign stake in Malaysian banks Asean Affairs Premium
• China confronts Philippines South China Sea

• February inflation tops Philippine forecast

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Algorithmic trading arrives in Thailand

• Lakeside eviction looms

• Cambodia, Laos, Vietnam discuss joint website

• Improving HCM City requires funding

Asean Analysis    6   March 2011 Advertise Your Brand
• WEEKLY SUMMARY Sponsor Our Events
Asean Stock Watch    4  March 2011
• ASEAN to Rally
Global News Impacting Asia    17 November 2010
• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
• Wells Fargo analyst on euro
• Obama’s visit to Asia

ASEAN NEWS UPDATES      Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand