The Thai stock market continues to decline. Since the beginning of the year, it has fallen by more than -18.62%, hitting a 3-year low, with foreign investors selling Thai stocks worth more than 190 billion baht. It is an issue that is constantly being talked about, that the Thai stock market is being attacked by a trading software.
More recently, in trading on December 13, it was found that the Thai stock market had a higher usage of trading software at 42% in total trading value.
Kitirat Na Ranong, Senior Advisor to the Prime Minister Post a comment on social media like Facebook with the message that leaving Program Trading… would be a good thing.
This created a ripple effect in the stock market industry this morning. Dr. Natawot Ronjoong, Chairman of Securities Investment Advisory Company Tunthan Company Limited He revealed to #ThairathMoney that ending the trading program may not be something we will do at the moment. But what the Stock Exchange of Thailand and the Securities and Exchange Commission or SEC do is create equality in trading for retail investors and foreign investors.
“In the past, our market has always developed well. From the era of knocking on the blackboard to the present day, we cannot stand against the flow of technology. But what we must do is create equality between individual investors and foreign investors.
This is a picture of stock market trading at this time. Institutional Investors or Foreign Investors With retail investors, there are advantages and disadvantages. For institutional or foreign investors who focus on high-speed trading. It can be linked directly to the stock exchange. No need to go through a broker Individual investors must place orders through a broker. There are more steps. This makes sending commands in terms of speed both advantageous and inconvenient.
There are also short selling loopholes that have not yet been closed. If there are bad people using trading software while doing short selling, problems can happen, and at this time, some executives of listed companies started coming out and saying that they found naked shorts in their stocks, and in this matter, it should be proven.
Thai stocks have insider problems.
However, even in the past there was an opinion that the US Federal Reserve Bank or the Federal Reserve Bank would decide to maintain the interest rate last night. Sending a signal to cut interest rates next year could cause the Thai stock market picture to recover. But in the past, the Thai stock market relied on very few foreign factors. It shows that we may have internal problems. Therefore, we must focus on this point and fix it.
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