The Stock Exchange of Thailand (SET), through Settrade.com, has launched “Settrade Streaming for iPad”, a real-time, internet-based stock trade program, for investors who wish to trade by themselves, targeting investors with modern lifestyle. This new software will enable investors to conveniently send trade orders for both securities and derivatives, following the earlier success of a similar program for iPhones. Investors can download this free program through App Store from today onwards, simply by searching for “Settrade Streaming for iPad”.
Investors with trading accounts, with 32 participating brokers, either for securities or derivatives, can download the program onto their iPads and immediately activate the service by using the same username and password used with the streaming service, SET Chief Marketing Officer Pakorn Peetathawatchai reported.
“Investors have been increasingly more interested in performing trades by themselves, at their convenience, resulting in a significance rise in internet-based trades in 2010 to THB3.45 trillion (approx. USD111.29 billion). Such internet-based trades accounted for 24.54% of total market trade value in 2010, and was 21.40% year-on-year rise. Meanwhile, the number of internet trading accounts has risen from 2009 by 31.29% in 2010 to reach 266,283 accounts. The introduction of “Settrade Streaming for iPad” provides convenience for all types of investment in stock and derivatives, and consequently will further increase trade value and broaden the investor base.” Mr. Pakorn said
True Move was delighted to continue its collaboration with SET and SPVI Co., Ltd. to support and promote “Settrade Streaming for iPad”, Mr. Pichit Thanyodom, Chief Information Officer for Convergence of True Corporation PCL, reported. True Move users are able to send real-time trade orders in, at any time and from any place, through True Move’s convergence network of 3G technology at a maximum speed of 72 Mbps in Bangkok and its surrounding areas as well as major cities, such as Pattaya in Chonburi province, Chiang Mai province and Phuket province. The service is also available through True’s broadband internet and Wi-Fi at more than 18,000 locations country-wide as well as through the EDGE/GPRS connection. 3G technology is one of True Move is attempt to enhance it service quality.
During the Commart Thailand 2011, from March 17-20, SPVI has invited investment experts from leading securities companies to its booth to demonstrate and advise on “Settrade Streaming for iPad”. After the end of the event, SPVI and SET will jointly organize a training session titled “Stock Trade via iPad” at iStudio by SPVI, on the second floor of the Esplanade, on Ratchadapisek Road, Mr. Traisorn Worayarnkosol, Managing Director of SPVI Co., Ltd., revealed.
The SET developed “Settrade Streaming for iPhone” and introduced the service for comprehensive securities trade in 2010. The proportion of securities trade via mobile phone totaled THB37.18 billion (approx. USD1.19 billion) in 2010, a 724.50% increase from THB4.51 billion (approx. USD 145.48 million) in 2009. Stock trading via iPhones is the most popular with around 51,000 users active each month in 2011, or 80% of all mobile phone traders.
“Settrade Streaming for iPad” has been developed to increase trade details using the iPad screen, including full-screen display and bigger fonts. Investors can continuously monitor trade movement and stock prices via graphic illustrations, without delay and able to send in trade orders through the ‘One Touch’ system and instantly receive a trade summary. This will make it easier for investors to manage portfolios with multiple accounts. Moreover, the new application will provide all necessary data, including P/E, P/BV, yield and EPS, to assist in prudent decision-making that can be more accurate than ever.
For more information, please contact any of the 32 brokerages using the Settrade system, whose names and details can be found on www.settrade.com/ipad
