Thai stock exchange updates systems to boost business

The Stock Exchange of Thailand has rolled out new clearing and depository systems to enhance securities lending and asset servicing.

The new systems will enhance overall straight-through processing in the capital market, which has been attracting increasing demand, according to the exchange.

The clearing system has been integrated in to a single platform to accommodate the settlement of equity and derivatives products.

Thailand Securities Depository Co, a subsidiary of the exchange, adopted the new systems for its depository function, while the securities borrowing and lending system was enhanced to facilitate transactions.

A buy-in process was also implemented to allow members to buy securities in the event that a client fails to deliver securities on time.

Commenting on the launch of the new systems, which went live on 24 August, Stock Exchange of Thailand executive vice president Bordin Unakul said: "[We implemented] after working closely with securities firms, custodians and depository members, as well as completing several tests to ensure smooth and seamless migration and implementation. Significantly, this [was] to make sure that the implementation [would not affect] investors.”