foreign investors and encourage cross-investment within ASEAN, exchanges in the region co-operate to facilitate investing in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. Other ASEAN countries namely Cambodia, Laos and Myanmar also have exchanges with the exception of Brunei. History The Stock Exchange of Thailand A precursor Bangkok Stock Exchange was established in July 1962 as a private entity. It finally ceased operations in the early 1970s due to a lack of government support and limited interest and understanding of the equity market among populace. In 1972, the Thai government took a step in creating a capital market. The changes extended government control and regulation over the operations of finance and securities companies, which until then had operated fairly freely. Then in May 1974, long-awaited legislation for the incorporation of SET was enacted to provide securities trading in order to promote savings and mobilize domestic capital. This was followed by revisions to the Revenue Code at the end of the year, allowing the investment of savings in the capital market. By 1975, the basic legislative framework was in place and on 30 April 1975, the Securities Exchange of Thailand officially started trading. On 1 January 1991 the name was formally changed to the Stock Exchange of Thailand (SET). Thailand Futures Exchange (TFEX), a subsidiary of the Stock Exchange of Thailand (SET), was established on 17 May 2004 as a derivatives exchange. On 28 April 2006 SET50 Index Futures was launched as the first product. Single Stock Futures was first launched on 24 November 2008. Derivative warrant was launched on 9 July 2009. In 2008, the Securities and Exchange Commission, Thailand together with the central bank allowed domestic individual investors to invest abroad directly for the first time through a Thai brokerage. Previously, only institutions could invest overseas.></ref> Trading SET began fully computerized trading in April 1991. The system allows brokers to advertise their buy or sell interests by announcing bid or offer prices. Members may then deal directly with each other, either on behalf of their clients or for themselves. Prices may be adjusted during the negotiation; hence, the effective executed price may not be the same as that advertised and may not follow the price spread rules. After concluding negotiations, dealers must send details of the results for recording purposes. Trading through mobile device began in 2010 with the launch of settrade streaming for iPhone according to SET's