Stock Exchange of Thailand encourages algorithmic tradingThe Stock Exchange of Thailand has said it will allow wider use of algorithmic trading. The value of trades on the exchange that were executed algorithmically more than doubled in the first half of 2010. “SET’s policy is now much more open than before for securities companies and investors, particularly institutional investors who trade through member companies’ systems, to transmit trading orders more conveniently and rapidly, including the use of algorithmic trading,” said Vichate Tantiwanich, SET’s chief marketing officer.“Algorithmic trading will facilitate and increase the effectiveness of investment capital management through different trading strategies.”The exchange claims algorithmic trading accounted for 2.36% of its total volume in the first half of 2010, up 100% year on year. It said: “The share of algorithmic trading...