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The Stock Exchange of Thailand (SET) and TFEX, its derivative arm, have replaced their technology infrastructure and begun trading with technology from Cinnober Financial Technology, the supplier of financial technology to marketplaces and clearinghouses reports.
This follows a similar technology replacement from Cinnober for equities trading at SET, which has been in effect since September 2012, Cinnober reports.
Now, SET, which began securities trading in 1975, “performs both equities and derivatives trading on the very same system,” according to Cinnober officials. That system, SET Connect, is based on Cinnober’s TRADExpress trading system.
Both the system covering the derivatives market and the system covering the equity market include functions for trading, market data, and surveillance, according to Cinnober. “This single-platform solution has been built out for derivatives, and also provides extensive operational advantages – through connectivity and the ability to send combination orders for equity and derivatives, for example – as well as comprehensive risk management capabilities,” the vendor says.
Cinnober’s current client list includes South America’s BM&FBOVESPA, Deutsche Börse, Dubai Gold & Commodities Exchange, the Johannesburg Stock Exchange, the London Metal Exchange, LME Clear, Quadriserv and MarkitSERV.
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- Cinnober,
- Stock Exchange of Thailand
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