Bangkok--10 Jan--Weem Communication
MTS Gold Group recorded highest market share among five gold brokers in gold futures trade last year, with 18% market share. The group traded more than 170 tons of gold worth over THB170 billion last year, up by 30% from a year earlier. The healthy growth in trading value owed partly to MTS’ introduction of over 20 innovative products. With development of new services such as MTS Gold On-line, MTS Academy, MTS Midnight Trade, client base has increased by 2,000 accounts. Under the Group’s strategy to enhance its services instead of competing on price, turnover this year is expected to breach THB200 billon.
Last year’s solid turnover growth was also a result of global gold price fluctuation, which attracted grater trading interest. In addition, continuous development of new gold investment innovation that facilitate trading activities also helped boosting the group’s client base by over 30%, with more than 2,000 outstanding active accounts, said President of MTS Gold Group Co., Ltd., Dr.Kritcharat Hirunyasiri, M.D.,
Among five local gold brokers, MTS Gold gained largest market share in gold futures trade, with 18% market share. MTS targets its turnover growth of 20%-25% in 2011 for gold futures transactions, said Dr. Kritcharat
Last year, overall gold futures trade was around 300,000 contracts, or an average of about 25,000 contracts a month, more than triple from 2009. Gold futures investment this year will likely be bolstered by better knowledge and understanding of investors and also by Thai Future Exchange’s introduction of 10 baht gold futures contracts, compared with minimum of 50 baht gold futures contracts previously.
Another factor that boosted MTS Gold Group’s growth last year was the introduction of over 20 innovative investment products and services that make it the leader in integrated gold investment business, said MTS Gold Futures Managing Director, Mr.Nuttapong Hirunyasiri
Among the innovations, MTS is the first gold investment house that facilitate transaction settlement via payment card through cooperation with Kasikorn Bank and Bangkok Bank; the establishment of MTS Academy, which provides knowledge and understanding about gold trading for new investors; the introduction of MTS Midnight Trade System that allows clients to trade gold until midnight via Gold Phone, Gold Online, Gold Mobile. All the innovative products and services are developed to efficiently serve needs and facilitate trading activities of gold investors, which resulted in continuous increase in gold trading transactions.
“MTS Gold Group is standing ready to develop our business to achieve our four key missions comprising 1: Be the leader in Thailand’s gold business 2: Be true expert in gold business 3: Genuinely develop an integrated gold trading innovation 4: Sincere and serve our clients as our special ones. We expect our development program, together with a more active market environment, would push our gold bullion turnover this year to reach THB200 billion,” said Mr.Nuttapong