Source: GL Trade
GL TRADE, global provider of electronic trading, clearing and settlement solutions increased its market connectivity in the Asian region by adding since September 3rd access to the Thai cash market, SET (Stock Exchange of Thailand).
Adding this new exchange GL TRADE covers 21 cash and derivatives markets in the Asia Pacific Rim.
The SET is specialized in securities trading and has operated full electronic trading since April 1991 through the "Automated System for the Stock Exchange of Thailand", or ASSET, enabling trading to be efficient, equitable and liquid. The clearing and settlement process is managed by the Thailand Securities Depository Co., Ltd. (TSD), a wholly-owned subsidiary of the Exchange. 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's technology being fully compliant with FIX protocol, SET member brokers may 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.
"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. The development of the SET market access was fully managed and supported by our Asian development center now located in Sydney," comments Nicolas Karonis – CTO GL TRADE Asia. GL TRADE furthermore provides access to over 85 electronic markets worldwide, 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.