Bank of Thailand allows securities firms to provide forex trading services
Central bank says rule change will improve market flexibility
The Bank of Thailand has relaxed foreign exchange rules to allow securities companies to conduct foreign exchange transactions.
Securities companies, including brokerage companies and investment agents, can now apply for an forex licence, the Bank of Thailand announced on June 14. The licence will allow firms to buy, sell and exchange foreign currencies for their clients.
Vachira Arromdee, assistant governor of the bank’s financial markets operations group, said the new rules would improve
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