Bangkok--5 Sep--SET
The Stock Exchange of Thailand (SET), together with, the College of Management, Mahidol University (CMMU), has organized the establishment of the Market Microstructure Research Center in Thailand. The ultimate aim is for the center to produce in-depth studies on organization and trading mechanisms of the stock market for future policy development of the Thai capital market.
At the Memorandum of Understanding (MOU) signing ceremony on September 4, 2006, between SET and CMMU, to institute the Market Microstructure Research Center in Thailand, Ms. Patareeya Benjapolchai, SET President, stated that, “SET has a policy to encourage researchers to conduct thorough and in-depth research regarding the operation improvement of SET. So we sought cooperation from Mahidol University to produce more research work on ‘Market Microstructure’. The SET will be providing any detailed stock trading information needed to make the academic research more accurate and more successful.”
“The research work to be conducted by CMMU will be most beneficial in formulating future development policies for the Thai capital market. Additionally, the research is also expected to stimulate Thai market researchers to study more of the existing research work and to keep delving for ways to further improve the Thai capital market.", said Ms. Patareeya.
Professor Dr. Liangchai Limlomwongse, Director of the College of Management, Mahidol University, revealed that, “Many academic researchers and professors at CMMU are interested in studying 'Market Microstructure' in Thailand. However, trustworthy and in-depth data was rather difficult to obtain in the past. Now with the full cooperation of SET, researchers should be able to produce more reliable and accurate findings. The findings would not only become new knowledge taught in classes at CMMU but also are valuable to Thai business practitioners.”
‘Market Microstructure’ research examines the efficiency of securities market structure, particularly, trading mechanisms and trading rules used for financial securities. The study utilizes truthful and in-depth trading information to investigate the issues such as securities price formation process, market participants, information transparency, transaction costs and relevant regulations, all of which are key factors implications for the development of the Thai capital market.
In countries with highly developed capital markets such as the United States, the United Kingdom, Germany, France, Japan and Singapore, the study on ‘Market Microstructure’ has long been a major subject of interest. And the findings from such research work have contributed significantly to ever-changing market regulations and conditions.
The research team of the Market Microstructure Research Center will comprise experienced researchers from both SET and Mahidol University. Complete research findings will be publicized to investors and interested parties through selected newspapers, journals and at relevant academic conferences.
The Market Microstructure Research Center is established to encourage researchers to conduct more studies on the structure and mechanisms of trading in the securities market. SET is encouraging knowledgeable and qualified researchers from various public and private universities to produce more work in the field of Market Microstructure. SET will be providing researchers with any needed information. A number of leading universities have already shown interested in participation.
For more information, please contact the Corporate Communication Dept.:
Ladawan Kantawong Tel: 0-2229-2036 / Kulvida Jintakawong Tel: 0-2229-2037
Nattaporn Boonprapa Tel: 0-2229-2049 / Watsamon Saowakhonsathien Tel: 0-2229-2797