Bangkok--8 Oct--Pris Priority
SBI Thai Online Securities Co., Ltd. or SBITO is ready to be officially launched as a stock broker in Thailand, highlighting on being the 100% online broker with the same standard as in Japan. The company provides customers' convenience with ability to open an account and submit documents via 8,300 branches of 7-11. Emphasizing on completed GTD and GTC trading orders with real-time securities transfer, the company offers a launch promotion with 90% reduction on brokerage fee for the first three months. Being the first and only broker to offer this service and promotion, the company is confident that it will become the leader in online stock trading.
Mr.Varah Sucharitakul, Chairman and Director of SBI Thai Online Securities Co., Ltd., said, "SBI Thai Online or SBITO is a joint venture between SBI Group, Japan's financial group which is the leader in stocks and derivatives online trading with 3.3 million accounts and the highest market share, and Finansia Syrus Securities Public Company Limited (FSS) and partners, to offer genuine online stock trading service to Thai investors. With a 45% - 55% shared ownership, SBITO has a registered capital of 722 million baht and was certified by the Ministry of Finance and the Securities and Exchange Commission to provide stocks and futures trading. Being the SET member number 33 since October 1, 2015, the company will be able to submit trading orders on October 16 onwards. SBITO aims to offer genuine online service to Thai investors via www.sbito.co.th. Meanwhile, futures trading will start the beginning of next year. Moreover, Mr. Megumu Motohisa, the executive who is the first person who implemented online trading in Security Business in Japan, joined us as the CEO and Authorized Director of SBI Thai Online Securities Co., Ltd"
According to changing lifestyles involving technology, online investment is a smarter and better option for new-generation traders to receive higher opportunities in every step. "We are ready to serve any size of investor from retail investors to large investors, and any trading volume. We would like everyone to have an opportunity to wealth in the stock market. We are ready to facilitate investors starting from opening an account with convenience, speed and ease. Customers can open accounts via the company's web, and verify themselves with required documents at 7-11 nationwide without any cost.
In case of unmatched orders, which normally will be cancelled end of day, investors only specify their orders with Good Till Cancel or Good Till Date, SBITO's GTC/GTD system will submit the unmatched orders to the SET without submitting new orders. With our lower fees, investors will have more opportunities to choose, especially with our promotion by offering 0.015% brokerage fee for Cash Balance accounts and 0.02% fee for Cash accounts. The promotion will start from October 16, 2015 to January 15, 2016 with fee reduction according to trading values each day. Investors can follow our continuous promotions and exclusive offers at www.sbito.co.th"
Mr.Varah Sucharitakul also added, "The company develops real-time collateral transfer system between accounts by only submitting collateral transfer either Cash Collateral Transfer or Stock Collateral Transfer. Your credit will be adjusted immediately without the need of an officer. This means the elevation of online service to another level."
SBI Group is headquartered in Minato-ku, Tokyo and is under the management team led by Mr. Yoshitaka Kitao. Registered in Japan's stock market (code: 8473), SBI Holdings, Inc. currently has 5,000 employees and its market capitalization is 25,000 million USD. SBI Securities, a subsidiary of SBI Group, is a leading securities company specialized on online stock trading services. The company is the pioneer of online stock trading in Japan. With numbers of accounts, total values of portfolios, and increasing trading volumes, SBI becomes a leading securities company with outstanding expertise and experiences in online stock trading. Considering its market share and numbers of accounts, SBI is the No.1 securities company in online stock trading. In 2014, FSS and SBI Group co-invested in SBIR, a securities company in Cambodia. That started a relationship of both companies.