Some orders unsettled on online trading glitch
Play
The Stock Exchange of Thailand's online trading system collapsed at 4.10pm, leaving some orders unsettled.
SET President Charamporn Jotikasthira told Krungthep Turakij today that the system should be recovered by 7.30pm today, when the night trading session for futures will start. He attributed the collapse to the malfunction of computer hardware.
Settrade, which oversees the system, announced that the system has been successfully fixed.
"The SET and brokerage houses have in place the damage-prevention system. Yet, this is beyond our control as two hardware equipment malfunctioned at the same time," he said.
According to sources at securities companies, their executives are holding a meeting to discuss a solution.
A source at Tisco Securities said that a large number of orders of the company's clients could not pass through.
Another source from SCB Securities said that some clients have already reported the problem.
