GL TRADE says it now offers access to the Stock Exchange of Thailand. By adding Bangkok, GL TRADE now covers 21 cash and derivatives markets in the Asia Pacific Rim.
GL TRADE says its technology is fully compliant with the FIX protocol, so SET member brokers can now provide their buy side clients with tools for order routing their Thai business. “GL STREAM’s Market Connectivity and Trading solution combined with the GL NET order routing network, provides an efficient and powerful vehicle to trade the Thai Market” says Franck Peltier Managing Director of GL TRADE Hong Kong.
The SET has operated full electronic trading since April 1991 through the Automated System for the Stock Exchange of Thailand (ASSET). The clearing and settlement process is managed by the Thailand Securities Depository Co., Ltd. (TSD), a wholly-owned subsidiary of the Exchange.
“This new offer is also the result of the migration of both GL TRADE and former Market Trader technology (acquired by GL TRADE with the Misys Securities Trading System buy out of last year) as it is built on the best of both solutions,” adds Nicolas Karonis – CTO GL TRADE Asia. “The development of the SET market access was fully managed and supported by our Asian development centre now located in Sydney.”
SET operates with two trading sessions, a morning session 10:00 a.m.-12:30 p.m. and the afternoon session 2:30 pm.- 5:00 pm.
GL TRADE furthermore provides access to over 85 electronic markets worldwide, in both equities and derivatives. In the Asia-Pacific Rim GL TRADE provides access to ASX, HKeX, JASDAQ, KOFEX, KSE, NSE, OSE, SFE, SGX, TIFFE, TOCOM TSE, TSEC and now SET.