Bangkok, SET increases measures to supervise short selling and program trading , both short-term and long-term. Strengthen the capital market
Mr. Phakorn Peetathawatchai, Director and Manager The Stock Exchange of Thailand (SET) discussed the case of a leading international consulting company presenting a study showing that the Thai Stock Exchange overall has rules and guidelines used to supervise short selling. ) and using computers to send orders (program trading) can be compared with peer exchanges, with additional suggestions. As a measure to strengthen the supervision of such matters to suit the current situation in the country.
In this regard, the Stock Exchange Four operational guidelines have been summarized as follows:
1. The SET will add additional mechanisms to control the impact on prices and liquidity from short sell and program trading transactions.
2. Report (Report) The SET will provide more and deeper information about short selling and program trading to the public for investors to use
in making investment decisions.
3. Monitoring and enforcing regulations. SET and member securities companies will have work processes and systems in place to check information. and take action to prevent irregular transactions and pursue and punish offenders and participants in wrongdoing. as standard For clarity and equality
4. Division of Responsibilities The SET will propose to all stakeholders to jointly supervise and adjust various regulations. and lay out the duties of each regulator and the SET clearly and completely. In order to be able to investigate faults easily, quickly and more severely. with the perpetrator and his/her co-offenders
The details of all such measures will be disclosed to the public after joint consultation with regulatory agencies as soon as possible.
Source: Thai News Agency