Stock Exchange of Thailand
Since 1991, the Stock Exchange of Thailand has been trading on a computer system named ASSET, or Automated System for the Stock Exchange of Thailand. Within the system, are two main trading methods, called Put-Through transactions, or PT, and Automatic Order Matching, or AOM. The PT system gives brokers and representative the opportunity to advertise their interests and they are able to trade with each other directly. Once deals have been finalized, the brokers and representatives will forward the details to the ASSET system, where it is recorded.
The AOM system is fully automated, and receives orders from brokers and representatives that are sent to ASSET electronically. Orders will then be sorted by the system by price and time priority. ASSET will match the buy orders and sell orders that are waiting in the queue, and will confirm to the broker, when the transaction has been completed. Companies that are listed on the Stock Exchange of Thailand include the Airports of Thailand, PTT, Thai Beverages, Bangkok Bank and Thai Oil.
Within the Thailand economy, the agricultural sector definitely stands out as one of the most important sectors, as Thailand is the worlds’ biggest rice exporter. Other products produced by this sector include teak, which is very valuable, tobacco, corn, rubber, tapioca, sugar cane, cotton and jute.
The fishing industry is also very important to the economy. Thailand exports goods such as rubber, jewelry, computers, vehicles, footwear, seafood product, plastic, appliances, rice and textiles. Their largest export markets are China, the U.S, Malaysia, Singapore, Hong Kong and Japan.
Goods are imported from China, Malaysia, Taiwan, Japan and the U.S. Imported goods consist of raw materials, fuel, consumer goods and capital goods. Thailand also supports a large tourism market, which has to be strictly controlled, as drugs, money laundering and drug money is a continuous fight, to try and eradicate these crimes from its shores.