The exchange has been using Cinnober’s software since September 2012 and since then the operator has strengthened its position in the market to become the most liquid equities exchange in the ASEAN region, with derivatives trading volumes and open interest growing steadily.
Pakorn Peetathawatchai, President of SET, commented:
“Thailand’s stock exchange has operated one of the most reliable and robust platforms in the world’s capital markets. We are proactively building platforms offering end-to-end services and seamless experience to investors and intermediaries to cope with the technology disruption and digital revolution in the world’s financial market. With Cinnober’s invaluable expertise, this partnership allows us to continuously achieve the top market position in the region while introducing world-class standards and best practices to Thailand’s capital market.”
Peter K. Lenardos, CEO of the Cinnober Group, said:
“We are pleased and proud to further our partnership with SET and support their future growth. Over the past 6 years, SET has successfully realized ambitious goals using Cinnober technology. A key to their growth has been streamlining client connectivity with the SET markets using global standards, while offering stability, speed and performance.”
The Stock Exchange of Thailand based its single-platform solution for equities and derivatives, called SET CONNECT, on Cinnober’s TRADExpress Trading System. By integrating these two previously separated markets, client connectivity was optimized using the global standard FIX, and combination orders introduced across the two markets.
Cinnober Financial Technology, the global independent provider of technology solutions for the finance industry, was recently on the news for being on the verge to be acquired by Nasdaq for $190 million.
Peter Lenardos became the Chief Executive Officer in August 2018 following the departure of Veronica Augustsson to pursue other interests.
