Stocks Exchange of Thailand
With a market capitalization of $368 billion, the Stocks Exchange of Thailand had over 580 listed companies by the year 2015. The exchange uses three major indexes that are: SET Index, SET50 Index and SET100 Index. The stocks market in Thailand grew in two phases. First, the country had a privately owned Bangkok Stocks Exchange that operated between the early 1960s to the early 1970s. The second phase was the establishment of Securities Exchange of Thailand in the early 1970s that was created with the intention of spurring industrialization and economic development. The exchange was set up under the Securities Exchange of Thailand Act, B.E. 2517 (1974). Its mandate is to supervise listed companies, securities listing, market surveillance, trading and ensuring financial disclosure by listed companies. The Securities Exchange of Thailand has a fully computerized trading system since 1991 through its platform the Automated System for the Stocks Exchange of Thailand (ASSET). The platform has been credited for making trading activities at the exchange more efficient and fluid.