The Stock Exchange of Thailand (SET) has signed an agreement with Cinnober, the technology firm responsible for delivering new core systems for the exchange's equities and derivatives markets.
Cinnober will replace the SET's existing market data, trading and surveillance technologies, with a view to going live for equities next year, and derivatives in 2013.
The new infrastructure will be based on Cinnober's TRADExpress Trading System and run off a single platform, while the SET's market data dissemination system will be based on TRADExpress Information Manager, and the surveillance aspect on Scila Surveillance.
"This is an important milestone in Cinnober's increased global reach, says Nils-Robert Persson, executive chairman of Cinnober. "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."