(Translation)
This English version is for reference only. If there is a discrepancy between the Thai version and English version or discrepancy in the interpretation,
the Thai version takes precedence over the English version.
Form MO-PROG1: Form A
Application for the Program Trading Software
Date: _________________
To:
President of The Stock Exchange of Thailand (SET) /
Managing Director of Thailand Futures Exchange (TFEX)
We, ______________________________________, (hereinafter referred to as the "Company"), Member No.
__________, would like to implement the program trading software for trading by:
 the Company
 Company’s DMA customer: (please specify customer name and account)_____________________
 Online trading customers
The Company would like to
 Apply for using the program trading software with the pre-trade risk management control system,
by attaching the following documents:
 Minimum control of the pre-trade risk management system (please fill in Form B)
 Functionality of the program trading software (please fill in Form C)
 Details of the pre-trade risk management system
 The test results (Screen display) of the company's pre-trade risk management system
(all topics)
 Details of connection between program trading and company's computer system
 Risk management of the company regarding program trading
 Details of the pre-trade risk management system which the company used for program trading
in other Exchanges (if available)
 Apply for using the program trading software with specified strategy, by attaching the following
documents: [Equity only]
 Functionality of the program trading strategy (please fill in Form C)
 Connection details of the software to the company's Order management system
 System user manual
 Risk management of the member
 apply for the additional strategy under the pre-trade risk management system authorized by
SET / TFEX, by attaching herewith the following documents:
 Functionality of the program trading strategy (in accordance with the attached Form C)
 Details of connection between program trading and company's computer system
(only in case there is any change.)
 Others (please specify): ______________________________
Trading Operations Department, The Stock Exchange of Thailand
TradingOperationsDepartment@set.or.th
Page 1 of 2
18 April 2014
(Translation)
This English version is for reference only. If there is a discrepancy between the Thai version and English version or discrepancy in the interpretation,
the Thai version takes precedence over the English version.
We hereby certify that the order entry via such program trading operates with no conflict with, and complies
with, the Rules and Regulations of SET or TFEX, and will not cause any damage to the trading system of the
SET or TFEX. If this application becomes inaccurate, and/or the connection of the computer system incurs
any damage to SET or TFEX, the Company agrees to be responsible for all such damage incurred to SET or
TFEX.
__________________________
(__________________________)
Title __________________________
Authorized Person
Company’s stamp
Contact:
Telephone Number:
Email:
Trading Operations Department, The Stock Exchange of Thailand
TradingOperationsDepartment@set.or.th
Page 2 of 2
18 April 2014
(Translation)
This English version is for reference only. If there is a discrepancy between the Thai version and English version or discrepancy in the interpretation,
the Thai version takes precedence over the English version.
Form MO-PROG1: Form B
Pre-Trade Control for Program Trading
Brokers applying for program trading are required to have pre-trade control to ensure that the orders are
comply with the rules and regulations of SET or TFEX, such as the securities’ name, order type, volume,
price and tick size.
 Having functions to immediately inactivate, stop or cancel orders of program trading orders by customer,
a group of customer or all customers (Kill Switches function)Having order screening system or procedure
to prevent the inappropriate orders that may affect the market, or lead to false market, such as
o Orders with the price changing by +/-X% based on the reference price (e.g. the previous
closing price or the last trading price)
o Orders with the price changing at every +/-X% of the reference price (e.g. the price of the first
entered orders, bid price or offer price)
o Several orders (X times) sweeping contra orders in the manner which attempts to push the
price up or down by X% or by X ticks
o Orders with a volume higher than X% of the total daily trading volume or total trading volume of
previous day
o A large volume of repeated orders such as X orders in n seconds
o Self-matching Prevention
 Having some functional system to prevent errors of the customers or the system, e.g. inconsistency of
securities, price and volume, repeated orders, or conflict orders.
 Having risk control checking for each customer e.g.
o Daily credit limit, trading volume and trading value for each customer
o Appropriated parameter checking to prevent order entry from customer error
o Maximum intraday long or short positions which the system will reject the order in the case of a
limit breach (Maximum Intraday Position) –TFEX only
 others ____________________________________________________
Trading Operations Department, The Stock Exchange of Thailand
TradingOperationDepartment@set.or.th
18 April 2014
(Translation)
This English version is for reference only. If there is a discrepancy between the Thai version and English version or discrepancy in the interpretation,
the Thai version takes precedence over the English version.
Form MO-PROG1: Form C
Functionality of Program Trading Software
Strategy Name ____________________________________________________
Objectives _______________________________________________________
 get approval to be used in other Exchanges (please specify)
_______________________________________________
Operating Format
 Passive – specify the functionality ________________________________
 Normal – specify the functionality ________________________________
 Aggressive – specify the functionality _____________________________
Examples of functionality
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
Trading Operations Department, The Stock Exchange of Thailand
TradingOperationDepartment@set.or.th
1 December 2015