Bangkok--28 Aug--Kith & Kin
KGI cooperated with SETTRADE to launch TFEX’s online trading service to expand more clients and maintain number one of market share ranking, in which expecting retail investors would rise from 50% to 70%. Mr. Tanavatt also confirmed that being the market maker would increase the market liquidity and create 2,000-3,000 contracts for this year.
Mr.Tanavatt Bhanijkasem, an Executive Vice President, Head of Futures Department of KGI Securities (Thailand) Plc. revealed that, the company was ready to launch TFEX’s online trading service with SETTRADE starting from 28th August onward by using Steaming D system, the single account and password system to access into both stock and future trading accounts without any key order from the marketing staffs.
According to the similarity to the stock trading system, the investors would be familiar with and easy to understand how to use the Steaming D system. This One Click system was designed for the investors who wanted to control their own trading orders. It was the most popular online trading system in many countries.
KGI Securities (Thailand) Plc. was confident that after launching the TFEX’s online trading service, there would be more retail clients in derivatives market. The company expected that the proportion of retail clients would be increased to 70% and the institutional clients would be 30% from the present proportion of 50:50. The company was also confident to maintain the number one market share ranking at 15%.
Mr.Tanavatt continued that the company also applied for the market maker license, in which had already been approved. Eventhough the process of being market maker was complicated but it would also help to increase liquidity and stability to the market. It would be the most benificial to all of trading clients and related parties. It was also one of the tools to develop Thai capital market. For all of these reasons, KGI decided to be the market maker by having the helps of its regional consultancy team from KGI Taiwan and expected to start the operation on this September.
“At the present, there are more investors who are interested in the TFEX market because it can be invested in both upturn or downturn market sitations. After the launching of online trading service and market marker in September, there will be the continuous growth of derivatives market. KGI has expected its derivatives trading volume at two to three thousand contracts per day.
For the derivatives business, KGI Thailand had well preparation for its derivatives products and services for more than 10 years with experience, knowledge, technology and management system from its major shareholder, KGI group in Taiwan. This can be proved that KGI is the most rediness brokerage firm in Futures Market as the result from being number one market share ranking in TFEX from the beginning until the present. We also have Futures Hotline, tel. 02-231-1111 ext. 570-575 with experienced and well-trained staffs to consult the clients.” said Mr. Tanavatt.
Moreover, KGI has set up “TFEX’s online trading” seminar for its clients on 2nd September 2006 at KGI office. All interested KGI clients are welcome to join, please contact KGI’s marketing representatives or Futures Department, tel. 02-231-1111 ext. 571-575 or email to [email protected] . The investors, who are interested in TFEX’s online trading, can contact for trial use at KGI’s website ( www.kgieworld.co.th ).
For more information please contact
Orawan Thalerngkrietkhamjorn
Tel. 02-663-3226 ext. 67