Trading on the move could not be easier. Investors can enjoy the flexibility and easy access to stock trading wherever they are. Real-time data, trading, order status, and portfolio management is right at their fingertips with this innovative service. With high speed CDMA2000 1X technology, mobile trading service screens through M-sites are not only user-friendly but also presented in color.
"This new investor service is a significant breakthrough in mobile stock market monitoring and trading. Investors no longer need to be stationed in a trading room, in front of a TV set or tied to a computer screen to stay in touch with the market and conduct trades." said Stephen Sun, President & CEO of Hutchison CAT Wireless MultiMedia Limited.
"We are very pleased to be part of this effort to revolutionise the way people make investment decisions and trade on the stock exchange. Hutch is committed to delivering new products and services that meet the diverse demands of each customer category. This latest initiative in which we have joined with Settrade is yet another example of that commitment," added Mr. Sun.
Referring to the obvious concerns with regard to security, Hutch's CEO explained, "Trading orders are highly secure thanks to the use of the Secure Socket Layer (SSL) protocol, a reliable and efficient security method that is a global standard for on-line transactions. With this solution, running on Thailand's first and only high-speed wireless multimedia communications service, investors can conduct stock transactions anywhere and anytime with complete confidence."
Hutch's CDMA2000 1X service offers fast, easy and reliable access to information. Investors can trade, monitor stock price movement, and manage their portfolio while their information is protected by two levels of security. A user name and password are needed to access personal data such as trading and Investment portfolios while a PIN is required for authorizing transactions.
This mobile trading service is set to become a hit with local investors who can access its full capabilities with Hutch terminals such as the Sanyo SCP-550, Sanyo SCP-588 and Samsung SCH-A564. Investors can view their personal information such as order status, trading information, portfolio, and cash position at their convenience.
Mr. Kirati Kosicharoen, Vice President Marketing and Business Development of Settrade.com Co., Ltd., said, "In response to the Stock Exchange of Thailand (SET) policy to help increase the stock market liquidity and provide more trading channels, Settrade is excited to be part of this new innovation to implement stock trading service via Hutch CDMA2000 1X. Our engineers have experienced a real sense of achievement at having been able to leverage this new technology and create this cutting edge application. As the market becomes increasingly volatile, it is crucial that investors can act on their decision immediately. A delay of just a minute or two could result in a major loss of opportunity."
"In collaboration with Hutch, Settrade offers comprehensive wireless trading services. For technology savvy investors, we offer our stock trading service through Hutch compatible terminals as well as via Hutch ICE, a perfect integration of Pocket PC and Smart phone. Our mobile stock trading solution allows Hutch subscribers to execute actual stock trading through 12 leading brokers: NATSEC, AYS, BT, DBSV, GLOBEX , KGI , KK , SICCO, TISCO, TRINITY, UOB and US. Investors with online stock trading accounts with these brokers can use their existing username and password for this service without the need to open a new broker account," Mr. Kirati concluded.
Settrade.Com is the first firm in Thailand to develop a service that leverages CDMA2000 1X technology to facilitate stock trading transactions on the Stock Exchange of Thailand. The first workshop for investors who are interested to access the service will be held on March 13 2004 at the Stock Exchange of Thailand Building. For more information, please contact 1128 or visit to web site at www.hutch.co.th or www.settrade.com
