The Stock Exchange of Thailand (SET) and Cinnober announce today the formal agreement under which Cinnober will deliver several core systems to SET, replacing SET’s trading, market data and surveillance systems for both the equities and derivatives markets.

The new systems will start to go live in 2012 for equities, and 2013 for derivatives.

“This is an investment in world-class technology that will not only boost the Thai capital market’s efficiency and vitality, but also help bring in more business opportunities for SET and its market participants while helping cut overall operational costs,” says Charamporn Jotikasthira, President of the Stock Exchange of Thailand. “Our own internal IT strength combined with Cinnober’s cutting-edge technology and expertise will bring SET’s competitiveness to a whole new level.”

The Stock Exchange of Thailand has set up an aggressive IT Master Plan for the coming years and has conducted an evaluation over the last eight months. With Cinnober’s technology, Thai bourse can offer superior transaction speed to support high-frequency and algorithmic trading and provide the use of industry standard interfaces which will make it easier to accommodate linkage with other marketplaces to attract further liquidity.

In the new technology infrastructure to be implemented at the Thai bourse, equities and derivatives trading will be performed on the same platform. It will be based on Cinnober’s TRADExpress Trading System, a multi-asset execution system that delivers market-leading functionality, speed and throughput capacity, which can easily be extended and scaled up on demand. Cinnober will also provide SET’s new market data dissemination system, based on TRADExpress Information Manager, as well as the market surveillance system Scila Surveillance.

“We’re glad and very proud to be entering this partnership with SET,” says Nils-Robert Persson, Executive Chairman of Cinnober. “This is an important milestone in Cinnober’s increased global reach. A trading venue’s technology is more important than ever today as speed, performance and flexibility have become essential. Markets everywhere must be able to act quickly on changes and maintain their ability to shape their own destiny. I would say that SET now has created great prospects for this and we’re looking forward to a long and successful relationship with a very exciting marketplace.”

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For further information, please contact:
Nils-Robert Persson
Executive Chairman 
Cinnober Financial Technology AB
Tel. +46 70 552 52 28

Jan Arpi
CEO
Cinnober Financial Technology AB
Tel. +46 70 860 46 49

Charamporn Jotikasthira
President
Stock Exchange of Thailand
Tel. +66 2 229 2392

Pannaporn Sapsomboon
Group Head, IT Operations
Stock Exchange of Thailand
Tel. +66 2 229 2966

About SET
The Stock Exchange of Thailand was established and began securities trading in 1975. It stands at the center of Thailand’s capital market, and is a thriving and dynamic exchange offering a full range of products, services and trading infrastructure for investors, listed companies and other participants.

SET offers investors the advantages of being a one-stop shop for securities. In addition to equity instruments listed on the SET, investors can choose from the offerings of three sister bourses all of which are part of the SET Group. These are the Market for Alternative Investment (mai) for equities of innovative businesses with high potential growth, Bond Electronic Exchange (BEX), providing trading of corporate and government bonds for both wholesale and retail markets, and Thailand Future Exchange (TFEX).

Further information on The Stock Exchange of Thailand can be found at www.set.or.th

About Cinnober Financial Technology AB
Cinnober provides mission-critical solutions and services to leading trading and clearing venues. Cinnober’s solutions are based on the TRADExpress™ Platform incorporating everything needed for mission-critical solutions in terms of performance, robustness and flexibility.

The portfolio of offerings includes price discovery and matching, real-time risk management, clearing and settlement, data distribution and surveillance.

Cinnober’s customers include Alpha Trading Systems, Borsa Italiana, Burgundy, Chicago Board Options Exchange, Deutsche Börse, EDX London, Eurex, Hong Kong Mercantile Exchange, London Metal Exchange, Markit BOAT, NYSE Liffe and Quadriserv. For additional information, please visit www.cinnober.com.