Open to listening to opinions Measures to regulate ‘short selling-trading programs’

Bangkok, Stock Exchange Open to listening to opinions on improving measures to enhance the supervision of short selling. and trading programs According to the Stock Exchange of Thailand Board has approved additional measures to enhance the supervision of short selling. and the use of computers to send trading orders at high speed or trading programs along with increasing measures to disclose information to member companies To raise the level of supervision to be more intense. and increase investor confidence Stock Exchange Therefore, an open hearing was arranged. 'Improving regulatory measures' as follows: Measures to supervise short selling To reduce price fluctuations that may occur from short selling by improving the properties of securities that can be short sold. and set stricter criteria for short selling prices in cases where securities prices decrease. Trading program supervision measures For the benefit of supervising and monitoring the trading of investors who send high-speed trading (HFT) order s, it will be more stringent by adding notification or registration of such investors. It will also increase the minimum time limit for trading orders. Before being able to edit or cancel orders (Minimum Order Resting Time) to delay and prevent orders from being placed and withdrawn too frequently This will help prevent sending inappropriate trading orders. Disclosing information about investors with inappropriate trading behavior to all member companies. So that every member company can more effectively supervise investors who send inappropriate orders. According to the criteria set by ASCO, such as reducing the limit to trading only through licensed officials (Traders), etc. Member penalty By adjusting the penalties for members to be higher. To intensify supervision of members who violate or do not comply with the rules. Opening up to listen to opinions from those involved this time. It is in order to obtain information that is useful for considering improvements to related criteria. by the Stock Exchang e The hearing document with details has been published on the website. https://www.set.or.th/th/rules-regulations/market-consultation Topic: 'Improving regulatory measures' You can share your opinions at https://forms.gle/MAaxwe5PaRUBpwt69 until 21 April 2024 etc. Source: Thai News Agency

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