The Securities and Exchange Commission (SEC) of Thailand has revealed that it will be using decentralized ledger technology (DLT) as its main IT infrastructure to facilitate trading in capital markets, while exploring ways to utilize artificial intelligence in financial investigations.

Implementing Decentralized Technology in Capital Markets

According to the Bangkok Post, the SEC will be implementing DLT as the organization’s principal IT infrastructure, which will connect its members and link to products in capital markets.

SEC Secretary-General Ruenvadee Suwanmongkol revealed in an interview with the Bangkok Post that DLT will be used as the system for securities trading, while also providing information for debt instruments and different types of securities trading.

“DLT will help the development of the capital market through a single platform, be they securities, bonds, or other investment products, and serves future digital asset trading,” said Ruenvadee.

Funding DLT Infrastructure

However, Ruenvadee added that the costs associated with establishing DLT infrastructure are high. Therefore, the SEC will be inviting investment from the Capital Market Development Fund (CMDF).

CMDF is a juristic person founded to promote organizational development, infrastructure, and market competitiveness, as well as support training, research & development, and education.

Apart from blockchain technology, the SEC will also be exploring the use of AI for areas such as law enforcement. AI will be used to help the regulator investigate instances of insider trading and fraud with greater efficiency. 

The SEC conducting a study of an AI-incorporated model to monitor cases of price manipulation in the market.

Source: https://www.bangkokpost.com

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