Workpoint thailand

At the end of 2017, the Stock Exchange of Thailand had 688 listed companies with a combined market capitalization of 17. Workpoint thailand of 1 June 2018, SET’s president is Pakorn Peetathawatchai, appointed to a four-year term.

The modern Thai capital market developed in two phases. The privately owned Bangkok Stock Exchange operated from 1962 to the early 1970s. Securities Exchange of Thailand to mobilize funds to support industrialization and economic development. This was the country’s first officially sanctioned, supervised, and regulated securities market.

In 1961 Thailand implemented its first five-year National Economic and Social Development Plan to support the promotion of economic growth and stability and to develop the kingdom’s standard of living. The Thai stock market began in July 1962 when a private group established an organized stock exchange as a limited partnership. Despite its well-intended foundation, the BSE was insufficiently active. Annual turnover was only 160 million baht in 1968, and 114 million baht in 1969. Trading volumes continued to fall sharply thereafter, to 46 million baht in 1970 and 28 million baht in 1971. Despite the failure of the BSE, the concept of an orderly, officially supported securities market in Thailand attracted considerable attention.

In 1969, as recommended by the World Bank, the government acquired the services of Professor Sidney M. Robbins from Columbia University to study the development channels of the Thai capital market. In 1972, the government took a further step in this direction by amending the “Announcement of the Executive Council No. 58 on the Control of Commercial Undertakings Affecting Public Safety and Welfare”. The changes extended government control and regulation over the operations of finance and securities companies, which until then had operated fairly freely. On 10 September 2014, SET became the first Southeast Asian country and ASEAN member to join the United Nations Sustainable Stock Exchanges initiative. The Stock Exchange of Thailand is a juristic entity set up under the Securities Exchange of Thailand Act, B.

It operates under the legal framework laid down in the Securities and Exchange Act, B. Its mandate is to be a market or center for the trading of listed securities, and promoter of financial planning, and to provide related services connected to such activities, without distributing any profits to members. In 2012, The SET successfully launched its new trading platform, SET CONNECT. AOM trading performs the order matching process without human intervention. After brokerage houses electronically send buy or sell orders from their offices to the SET mainframe computer, the ASSET system queues the orders and arranges them according to a price-then-time priority. ASSET also allows brokers to advertise their buy or sell interests by announcing bid or offer prices. Members may then deal directly with each other, either on behalf of their clients or for themselves.