The Stock Exchange of Thailand is expanding the "Smart Listing" service to cover the subscription of new ordinary shares and warrants from October 27, 2014 in an effort to streamline the listing process to offer more investment opportunities to investors, with a plan to make the system completely available for all products by 2015.

 Supakit Jirapraditkul, SET executive vice president and head of market supervision division, said that SET has improved the "Smart Listing" service, an online channel that enables listed companies to apply for the listing of their shares more conveniently, to cover the subscription of new ordinary shares and warrants, starting from October 27.  The system has initially been made available only for derivatives warrants (DW). The Thai bourse has also planned to develop the system further to accommodate all types of equity by 2015.

 "The "Smart Listing" system is an enhancement of the SET's operating standard into the digital era in facilitating all listed companies by cutting down the amount of paperwork, eliminating duplicate data filing and offering simplified online document submission system.  As a result, the listing of new ordinary shares and warrants will be more convenient, allowing investors to trade their securities on the Thai exchange in a more timely fashion. SET held training sessions for listed firms to help them familiarize with this system," said Supakit.

"During the past decade, SET has continued to develop its systems related to the listing of securities and the disclosure of listed firms' information, including the web-based disclosure service and the news template for listed companies, to conveniently and timely distribute key information to investors.

In 2012, the Thai exchange first introduced the "Smart Listing" system for DW, which has helped reduce the amount of time spent on the approval of DW listing to two working days from 10 working days. SET continues to develop the service to cover all securities in the future," added Supakit.