Stock Exchange of Thailand – Trading System RFP, Market Readiness & HFT Strategies

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Nov 2013 to May 2015

SET retained BTA to provide mentoring assistance initially for the RFP selection process for a replacement system RFP for a multi-asset class trading and surveillance system. Following the selection the project was then extended to provide market readiness auditing and mentoring services which lead to a very successful big bang switch over from the old to the new trading system. SET then retained BTA to assist with the design of an HFT / algorithmic trading strategy, which included a transaction cost analysis analysis of current trading performance against peers and European HFT markets. This lead to an analytical market micro-structure design of the changes required to legal, regulatory, operations, trading and surveillance systems (across 18 strategic initiatives) to enable SET to proactively provide an attractive marketplace for advance trading mechanisms (algorithmic trading), while balancing the liquidity development with advanced market control protection features.

SET retained the services of BTA, which it described as a qualified and experienced consulting company with strong experience and expertise to assist SET.