SETTRADE.COM’s Chief Executive Officer, Mrs. Chanisa Chutipat, said “in 2005, SETTRADE will apply the latest technology to its Internet trading platform so as to assure the highest level of reliability. SETTRADE’s ongoing developments will encourage participation by at least 10,000 more investors. The number of brokers using SETTRADE’s system will also increase from 17 at present to 20. Its Internet trading platform is also being developed to serve the derivatives and bond markets in line with the policies of The Stock Exchange of Thailand (SET).”
After the successful implementation of streaming technology to Internet trading through computers and mobile phones, the system will be further developed to be compatible with Pocket PCs so as to make it easier for investors with busy work days. With these three channels, SETTRADE believes its services will be more easily reachable and better appreciated by its users.
As Mrs. Chanisa continued, “In the past year, on-line trading through the SETTRADE system totaled THB145,098 mln. (approx. USD3,628 mln.), an increase of THB45,000 mln. year-on-year, or up 45%. As for the trading accounts, there were 28,936 accounts in 2004, which was a significant increase of 13,108 accounts, or 83%, over the 15,828 accounts in 2003.
In 2004, two new brokers began offering Internet trading via SETTRADE’s system: Adkinson Securities and Siam City Securities. The total number of securities companies currently employing SETTRADE’s technology is 17. Aside from the two firms already mentioned, these are Ayudhya Securities, DBS Vickers Securities (Thailand), Globlex Securities, SICCO Securities, TISCO Securities, BT Securities, United Securities, KGI Securities (Thailand), Kiatnakin Securities, Trinity Securities, National Securities, BFIT Securities, Capital Nomura Securities, UOB Kay Hian Securities (Thailand), and Intel Vision Securities.
In addition to its Internet trading business, SETTRADE is also engaged in marketing the SET’s information system. In 2004, there were a total of 41 data vendors for the SET’s information. This total included 26 new vendors over the previous year. Furthermore, the information dissemination channel has been extended to reach a wider range of audiences that now include both its previously focused upon institutions and retail investors as well. Its institutional clients increased from 142 to 154 in 2004.
With respect to 2005’s planned developments, SETTRADE will improve its information services dissemination via a new data feeding system and its SETSMART (SET Market Analysis and Reporting Tool) system to better serve the needs of investors. Newer types of information services will also be launched.
The information services offered by SETTRADE in the past year included SETSMART-Investor Version, the ‘Analysts Consensus’ information at www.settrade.com, and the information services via mobile phones and Pocket PCs (e.g., SMS via 4 800 900, the information service via WAP/GPRS, the WAP Card, SMS Pack, and the SMS Monthly Package for users of AIS mobiles).
“SETTRADE will continue to develop our services to enable users to better access the SET’s information more conveniently from any place, at any time, from any of their computers and/or wireless devices. We intend to develop a greater variety of services with more innovations to continue our efforts to respond to our customers’ needs. We truly believe that 2005 will be yet another successful year for us,” Mrs. Chanisa concluded.
