Bangkok: The Stock Exchange of Thailand (SET) insists that the measures it is implementing are not to benefit anyone, explaining six measures to reduce market volatility.
According to Thai News Agency, Mr. Rongrak Panapavutikul, Deputy Managing Director and Spokesperson of the Stock Exchange of Thailand (SET), revealed during the 'SET Zooom in: Securities Trading Accounts and the Stock Exchange's Operations when Market Disruption Occurs' segment that in the case where the Stock Exchange of Thailand has implemented temporary measures and there are doubts as to whether they will benefit certain groups, such as the case of Krungthai Card Public Company Limited (KTC), it is confirmed that the implementation of various measures does not benefit any particular investor. As for forced selling of shares, it is the duty of brokers to proceed with customers when the criteria are met. However, if the Stock Exchange of Thailand finds that brokers do not comply with the criteria, they will be guilty.
For the operation of the Stock Exchange of Thailand when there is a Market Disruption or an event that has or may affect the overall trading conditions or an urgent necessity that has or may affect the operation of the Stock Exchange of Thailand that is beyond control, such as natural disasters or disasters, the Stock Exchange of Thailand has six measures to take care of and reduce market volatility within the authority and scope of the law. These measures include changing the Ceiling and Floor, changing the criteria for short sell prices or prohibiting or limiting short sell, changing the criteria for Dynamic Price Band, changing the trading method from AOM to other methods, increasing the margin rate for cash trading or margin trading, and changing the terms of use or prohibiting the use of Program Trading in part or in whole.
In the past, there were incidents where the measure was applied in the event that President Donald Trump first announced the tax measure in April and the war between Iran and Israel in late June.