ASEAN KEY DESTINATIONS
Thai bourse wins Outstanding Data Provider Award by FISD
BANGKOK, December 22, 2014 - The Financial Information Services Division (FISD) of the Software and Information Industry Association (SIIA) presented the 2014 Outstanding Data Provider Award to The Stock Exchange of Thailand (SET). The award was presented at the FISD General Meeting in New York.
This award was created by the FISD Service Level and Communications Working Group to recognize the exchange or data provider that most closely adheres to the Working Group's Best Practice Recommendations. These recommendations are guidelines for communication and notification sent by exchanges and information providers to their customers and downstream distribution partners for events such as system upgrades, administrative and policy changes, new product introductions, and unplanned interruptions.
"We feel honored to be recognized among the world-class exchanges and data providers." said Kesara Manchusree President of The Stock Exchange of Thailand.
"We are grateful for such recognition by the leading industry experts and the members of FISD. This prestigious award is a reflection of our commitment to our clients, partners and excellent service quality. Moreover, in 2015, we plan to put the Digital Exchange concept into action by facilitating IT system
for all parties in the capital market. Therefore, this award is a significant step to highlight our competency and gain more confidence from foreign investors as a leader of regional capital market in the upcoming ASEAN Economic Community (AEC)."
Tom Davin, Managing Director of FISD, said "SET is strongly deserving of this acknowledgement. The award recognizes the importance that clients and
distributors place on clear and timely communications from their information providers. This recognition highlights the value of the Service Level and
Communications Working Group's recommendations as a reference for exchanges and information providers throughout the market data distribution chain."
The FISD Outstanding Data Provider Award has been awarded every year since 2009.
The past winners included NASDAQ OMX (2009), Deutsche B?rse AG (2010), TMX (Toronto) (2011), CNSX Markets Inc. (2012) and Kuwait Stock Exchange (2013) while other global leading stock exchanges have been named in the award selection such as Vienna Stock Exchange, Tokyo Stock Exchange and London Stock Exchange. This year other finalists nominated for the award were Euronext (Europe) and Oslo Bors (Norway).
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