Bangkok--4 Dec--SEC
The SEC organised training programs for both the SEC staff and capital market personnel to keep pace with new securities and derivatives trading methods and prepare them to improve their supervision and surveillance capabilities. This training will ensure the Thai market remains even with international counterparts; with a primary goal of preventing negative impact on investors and related parties in the capital market .
Dr. Vorapol Socatiyanurak, SEC Secretary-General, said that “The SEC continuously gears its effort toward human resources development, both capital market personnel and the SEC staff. This is to enhance their work quality in line with the development of financial innovations and advancements in technology. We recently organized training programs with guest speakers from the US SEC; Mr. Daniel M. Gray, Senior Special Counsel for Market Structure in the Division of Trading and Markets, and Mr. Thomas Mester, Senior Specialized Examiner in the Office of Compliance, Inspections, and Examinations (OCIE) to share their experience with more than 200 capital market personnel from the SEC, the Stock Exchange of Thailand and securities companies on programmatic and algo trading.
Training programs such as this one help prepare our market’s readiness for new, high technology and can improve the efficiency in both securities and derivatives trading. This is in line with the trend of many stock exchanges around world that allow the sending of trading orders through program trading technology, especially high frequency trading (HFT). Right now, overseas securities companies have already started to provide this type of service for their clients as ASEAN stock exchanges have started their trading linkage. Programmatic trading, in particular HFT, has become quite popular in many markets.
The SEC believes that continual capacity building of human resources in the securities industry is vital to the health of our capital market and the economy. Although automated program trading has not started in Thailand, lessons learned from foreign stock exchanges can illustrate the importance of a thorough knowledge and understanding of the practice of program trading. This may help prevent negative impact on the stock exchange, securities companies and investors from the use of this program trading; but also, driving forward the Thai capital market development in line with our international counterparts,” said Dr. Vorapol.