AFET to Switch On New Trading System Core 4 This October

Stocks and Financial Services Press Releases Friday September 26, 2014 17:49
Bangkok--26 Sep--AFET

The Agricultural Futures Exchange of Thailand (AFET) has had a new trading system developed, from Core 2 to Core 4, and is now getting ready to officially switch on the new trading platform this October. The new trading system will be capable of trading 3 times as many transactions, and 8 times as fast as its previous version currently is. This is to support new business, and client-base expansions, and also to support launching of new products and new futures contracts on AFET trading board in the future.

Mr. Sakda Thongpalad, Executive Vice President, Business Division, and Acting President – The Agricultural Futures Exchange of Thailand (AFET) stated that, AFET has in the past years collaborated with a British electronic trading and exchanges system software provider, Patsystems, along with AFET broker members, on having the trading system developed. A new server has been completely installed to support the new Core 4 trading system, and is currently in the testing, and data migrating processes, before an official takeoff in October 2014.

The new trading system “Core 4” will be capable of supporting more business expansions; it will be able to carry out higher numbers of transactions, and deliver more trading orders with faster speed than ever before. Its stability and connectivity with other telecommunication networks, such as mobile devices, have been fully developed. The new trading platform has as well been developed to synchronize with those of other exchanges; and with those of the securities brokerage houses of the Stock Exchange of Thailand (SET) in order to support their futures trading transactions when they become AFET members in the near future.

AFET has invested in the trading systems and provided those trading systems and platforms free of charges to its members, who will therefore carry zero cost of investment on their trading systems. This is one of the several benefits gained by new agricultural futures exchange members. The cost of initial business start-up will be low. The investment risk will be decreased. Moreover, the new system can be connected to those decentralized platforms of, both domestic and international, stock and derivatives brokerage houses. This feature will facilitate, as well as attract and benefit those brokerage houses to join AFET as new agricultural futures members, in order to support investors’ every possible option of trading agricultural futures contracts.

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