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Stock Exchange of Thailand (SET) to curb inappropriate trading behaviors
The proposed measures are part of SET's strategic plan to elevate the quality of Thailand's capital market for sustainable growth and to bolster investor confidence.
The Stock Exchange of Thailand (SET) has proposed measures to strengthen trading supervision including introducing automatic trading halt, dynamic price bands, and enhancing market surveillance.
Key Takeaways
- The Stock Exchange of Thailand is proposing measures to strengthen trading supervision, increase transparency, and promote fairness for all investors.
- The proposed measures include automatic trading halts, dynamic price bands, and enhanced market surveillance to prevent inappropriate trading behaviors and reduce price fluctuation.
- The public consultation aims to gather feedback for further improving the relevant regulations, and comments can be submitted until June 9, 2024.
These measures aim to prevent inappropriate trading behaviors and reduce price fluctuation, promoting transparency and fairness for all investors. The SET is seeking public feedback to further improve the regulations. The consultation details are available on the SET’s website, and feedback can be submitted until June 9, 2024.
The proposed measures are part of SET’s strategic plan to elevate the quality of Thailand’s capital market for sustainable growth and to bolster investor confidence.
1) Implement Auto Halt for securities when the bid or offer volume exceeds 15% of total shares to prevent irregular order matching.
2) Introduce dynamic price bands of +10% from the latest execution price to control abnormal price volatility.
The public consultation aims to obtain constructive feedback to further improve the relevant regulations. Details of the consultation paper are available at SET’s website at https://www.set.or.th/en/rules-regulations/market-consultation titled “Enhancement of Measures to Prevent Inappropriate Trading Behaviors and Reduce Price Fluctuation”. Comments can be submitted via the link https://forms.gle/ZxhiS7mRF4Yb9nJN9 until June 9, 2024.
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