The Stock Exchange of Thailand
| The Stock Exchange of Thailand | |
| |
| Founded | 1975 |
|---|---|
| Headquarters | Bangkok, Thailand |
| Key People | Sompol Kiatphaibool, Chairman |
| Website | www.set.or.th/en/index.html |
The Stock Exchange of Thailand (SET) is Thailand's first officially sanctioned and regulated securities market. It was set up under the Securities Exchange of Thailand Act, B.E. 2517 (1974) and began operations on Apr. 30, 1975. It operates under the legal framework laid down in the Securities and Exchange Act, B.E. 2535 (1992).
Its mandate is to be a market for the trading of listed securities, and promoter of financial planning, as well as to provide related services connected to such activities, without distributing any profits to members.
Its main operations include securities listing, supervision of listed companies and information disclosure, trading, market surveillance and member supervision, information dissemination and investor education.
History[edit]
The modern Thai Capital Market traces its origins back to the early 1960s. In 1961 Thailand implemented its first five-year National Economic and Social Development Plan to support the promotion of economic growth and stability as well as to develop the Kingdom's standard of living. Following upon this, the Second National Economic and Social Development Plan (1967-1971) then proposed for the first time that an orderly securities market be established in order to mobilize additional capital for national economic development.
The creation of Thailand's first officially sanctioned and regulated securities market was initially proposed as part of the Second National Economic and Social Development Plan (1967-1971). In outlining its proposal for the creation of a supervised securities market, the Second National Development Plan stressed that the market's most important role would be to mobilize funds to support Thailand's industrialization and economic development.
The modern Thai capital market can essentially be divided into two phases, beginning with "The Bangkok Stock Exchange" which was privately owned, followed by the establishment of "The Securities Exchange of Thailand." [1]
News[edit]
In April 2011, the exchange announced that it had chose Cinnober Financial Technology's trading, information disclosure and surveillance system for the equity and derivatives markets. The platform was put in place in 2012.[2]
Key People[edit]
- Sompol Kiatphaibool, Chairman
- Somjate Moosirilert, Vice Chairman
- Charamporn Jotikasthira, President
- Viparat Misitsakul, Chief Operating Officer
References[edit]
- ↑ Overview of Stock Exchange of Thailand. Stock Exchange of Thailand.
- ↑ SET awards IT contract to Cinnober. National Multi Media.