Bangkok--25 Aug--SET
FTSE Group (“FTSE”), the award-winning global index provider, and the Stock Exchange of Thailand (“SET”), announce that the SET Large Cap Index is being upgraded to provide the Thai market with the first truly real time index service. From today, the FTSE SET Large Cap Index will be delivered on a streaming, intra-second basis, rather than the standard 15 second tick dissemination for real time indices.
FTSE continues to lead the way in index innovation and is the first index provider to launch indices on a truly real time basis. The FTSE SET Large Cap Index value will now be disseminated each time there is a change in the underlying constituent price. This provides investors with a better reflection of market activity and increased transparency on trades against the index. Market participants, including investment banks and investment managers, using the new service can make trading decisions based on the latest index values and so respond more quickly to immediate market events.
As well as the faster dissemination of index values, FTSE has introduced real time total return index (TRI) values that were previously only available on an end-of-day basis. Extending this enhancement to the FTSE SET Large Cap Index supports the development of financial products against TRI benchmarks for Thailand and allows product issuers to make truly real-time intra-day valuations of index portfolios.
Paul Hoff, Director of Business Development Asia, FTSE Group said: “By always anticipating investors’ need, FTSE is at the forefront of innovation in investment solutions. Our new real time streaming of the FTSE SET Large Cap will enable investors respond to changes in the Thai markets faster. The service also enhances our ongoing work with the Stock Exchange to provide investors with the best index solutions for Thailand.”
“This latest development is another SET and FTSE effort to enhance market efficiency and we believe that this service will add lots of benefits to clients. The faster the data is released, the better the clients are able to make investment decisions.", said Ms. Kesara Manchusree, SET Group Head, Markets Division.
Further information on the FTSE SET Index Series is available at http://www.ftse.com/thailand and www.set.or.th.
For further information
The Stock Exchange of Thailand
Ladawan Kantawong, Head, Corporate Communications Department Tel: +662-2292036
Kanokwan Khemmalai, Deputy Head, Corporate Communications Department Tel: + 662-2292048
Fax: 662-3591005-6
FTSE Group
Meredith Blakemore or Emily Mok
Tel: +852 2230 5800
Fax: +852 2230 5804
Email:
[email protected]
If you are not a member of the press, please contact your local FTSE Client Services team.
Notes to Editors
About FTSE Group
FTSE Group (“FTSE”) is a world-leader in the creation and management of indexes. With offices in Boston, Beijing, London, Frankfurt, Hong Kong, Madrid, Milan, New York, Paris, San Francisco, Sydney, Shanghai and Tokyo, FTSE works with investors in 77 countries globally. It calculates and manages a comprehensive range of equity, fixed income, real estate and investment strategy indices, on both a standard and custom basis. The company has collaborative arrangements with a number of stock exchanges, trade bodies and asset class specialists around the world.
FTSE indices are used extensively by investors world-wide for investment analysis, performance measurement, asset allocation, portfolio hedging and for creating a wide range of index tracking funds. www.ftse.com
About The Stock Exchange of Thailand
The Stock Exchange of Thailand (SET) was established in 1975 and officially began securities trading on April 30, 1975. The Stock Exchange of Thailand stands at the center of Thailand’s capital market, and is a thriving and dynamic exchange offering a full range of products, services and trading infrastructure for investors, listed companies and other participants.