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Commission Fee Rule Reviewed by Stock Exchange of Thailand.
By Darana Chudasri, Bangkok Post, Thailand Knight Ridder/Tribune Business News
Mar. 20--The Stock Exchange of Thailand will likely extend the current minimum commission fee rule beyond the January 2005 expiry date, according to SET president Kittiratt Na Ranong.
The regulation, which took effect in January 2002, imposes a minimum 0.25 percent commission on share transactions. For trades handled online, the minimum is 0.2 percent of the trade value.
The rule was imposed after commission fees were deregulated in 2001. Many brokers posted sharp losses after the move as stiff market competition forced them to cut fees to nearly zero in a bid ...
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Source: HighBeam Research, Commission Fee Rule Reviewed by Stock Exchange of Thailand.