The Stock Exchange of Thailand will implement revised short-selling and
high-frequency trading rules from Nov. 16. Stocks priced 5–50 THB will trade
with reduced tick sizes to narrow bid-ask spreads and cut trading costs. Short
selling will be restricted to higher-liquidity instruments: SET100 constituents,
single-stock futures underlyings, depositary receipts and ETFs; short sales will
be permitted only at or above the last traded price. The exchange will levy
extra fees on accounts that submit large numbers of orders with relatively low
execution rates. It will eliminate per-security dynamic price bands, relax
restrictions on HFT participants’ eligible instruments, and remove minimum order
resting-time requirements to improve order management. Trading hours for
foreign-linked derivative warrants and ETFs will start at 08:00 (two hours
earlier) from Nov. 16; closing times unchanged.