Global exchange shake-up spreads to Thailand

Long-awaited moves to liberalise Thailand’s capital markets and demutualise its stock exchange will pose challenges for brokers, argues Pattera Dilokrungthirapop, chief executive of DBS Vickers Securities in Bangkok. Brokerages will have to invest in IT to keep pace with changes to the market structure, which will be easier for those with critical mass and economies of scale, she says. This may lead to consolidation, which would probably be a good thing for fund managers and investors…