Thai bourse signs agreement with Cinnober
(Thomson Reuters ONE) -
Cinnober to deliver trading, market data, and surveillance systems for Thai
bourse's equities and derivatives markets
The Stock Exchange of Thailand (SET) and Cinnober announce today the formal
agreement under which Cinnober will deliver several core systems to SET,
replacing SET's trading, market data and surveillance systems for both the
equities and derivatives markets.
The new systems will start to go live in 2012 for equities, and 2013 for
derivatives.
"This is an investment in world-class technology that will not only boost the
Thai capital market's efficiency and vitality, but also help bring in more
business opportunities for SET and its market participants while helping cut
overall operational costs," says Charamporn Jotikasthira, President of the Stock
Exchange of Thailand. "Our own internal IT strength combined with Cinnober's
cutting-edge technology and expertise will bring SET's competitiveness to a
whole new level."
The Stock Exchange of Thailand has set up an aggressive IT Master Plan for the
coming years and has conducted an evaluation over the last eight months. With
Cinnober's technology, Thai bourse can offer superior transaction speed to
support high-frequency and algorithmic trading and provide the use of industry
standard interfaces which will make it easier to accommodate linkage with other
marketplaces to attract further liquidity.
In the new technology infrastructure to be implemented at the Thai bourse,
equities and derivatives trading will be performed on the same platform. It will
be based on Cinnober's TRADExpress Trading System, a multi-asset execution
system that delivers market-leading functionality, speed and throughput
capacity, which can easily be extended and scaled up on demand. Cinnober will
also provide SET's new market data dissemination system, based on TRADExpress
Information Manager, as well as the market surveillance system Scila
Surveillance.
"We're glad and very proud to be entering this partnership with SET," says Nils-
Robert Persson, Executive Chairman of Cinnober. "This is an important milestone
in Cinnober's increased global reach. A trading venue's technology is more
important than ever today as speed, performance and flexibility have become
essential. Markets everywhere must be able to act quickly on changes and
maintain their ability to shape their own destiny. I would say that SET now has
created great prospects for this and we're looking forward to a long and
successful relationship with a very exciting marketplace."
For further information, please contact:
Nils-Robert Persson Charamporn Jotikasthira
Executive Chairman President
Cinnober Financial Technology AB Stock Exchange of Thailand
Tel. +46 70 552 52 28 Tel. +66 2 229 2392
Jan Arpi Pannaporn Sapsomboon
CEO Group Head, IT Operations
Cinnober Financial Technology AB Stock Exchange of Thailand
Tel. +46 70 860 46 49 Tel. +66 2 229 2966
About SET
The Stock Exchange of Thailand was established and began securities trading in
1975. It 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.
SET offers investors the advantages of being a one-stop shop for securities. In
addition to equity instruments listed on the SET, investors can choose from the
offerings of three sister bourses all of which are part of the SET Group. These
are the Market for Alternative Investment (mai) for equities of innovative
businesses with high potential growth, Bond Electronic Exchange (BEX), providing
trading of corporate and government bonds for both wholesale and retail markets,
and Thailand Future Exchange (TFEX).
Further information on The Stock Exchange of Thailand can be found at
www.set.or.th
About Cinnober Financial Technology AB
Cinnober provides mission-critical solutions and services to leading trading and
clearing venues. Cinnober's solutions are based on the TRADExpress(TM) Platform
incorporating everything needed for mission-critical solutions in terms of
performance, robustness and flexibility.
The portfolio of offerings includes price discovery and matching, real-time risk
management, clearing and settlement, data distribution and surveillance.
Cinnober's customers include Alpha Trading Systems, Borsa Italiana, Burgundy,
Chicago Board Options Exchange, Deutsche Börse, EDX London, Eurex, Hong Kong
Mercantile Exchange, London Metal Exchange, Markit BOAT, NYSE Liffe and
Quadriserv. For additional information, please visit www.cinnober.com.
Press release (PDF):
http://hugin.info/139660/R/1526966/462645.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Cinnober via Thomson Reuters ONE
[HUG#1526966]
Datum: 30.06.2011 - 09:12 Uhr
Sprache: Deutsch
News-ID 55992
Anzahl Zeichen: 5978
contact information:
Town:
Stockholm
Kategorie:
Business News
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"Thai bourse signs agreement with Cinnober"
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