The SET President, Mr. Vicharat Vichit-Vadakarn, disclosed that the Stock Exchange of Thailand has set up SETTRADE.COM Co., Ltd. to create an information technology and communication network systemlinked with the securities trading industryto create a more efficient central information technology vehicle that will increase trading volume and improve security systems. SETTRADE.COM’s services are targeted at securities companies interested in trading via the internet, so that they can reduce risks and investment expenses involved in developing their own systems and networks. SETTRADE.COM is also aiming for greater investor convenience by providing them with a more rapid, secure and low-cost service for sending their trading orders. These new services are designed to promote securities trading via the internet and to help reduce overall costs for the Thai securities trading business.
SETTRADE.COM Co., Ltd. has a registered capital of 80 million baht, and is a joint venture between the Stock Exchange of Thailand and the Netlife Group, a German Information Technology Specialist. The SET is the main shareholder with 70 per cent of the registered capital while the remaining 30 per cent belongs to Netlife and MyEtrade.
The SET’s main objective in setting up SETTRADE.COM is to establish a stable, secure and efficient information technology service center for the securities trading business. The company provides one-stop quality services to support internet trading business: 1) order transmission, 2) account management for clients and their after sale operations, 3) management of and service on information concerning securities investments, at reasonable prices and services of international standard quality. These services will be beneficial to everyone, securities companies and investors, and will also enhance competition in the overall securities business. The newly-established company has completed its organizational setup and supporting network development, and will start receiving orders from investors and securities companies via its new website www.SETTRADE.COM on November 3.
On the occasion of the official opening ceremony of SETTRADE.COM Co., Ltd. and the start of services to members and the public in November 2000, the company, together with several of Thailand’s large internet service providers and information and Web Portal providers, will be holding a seminar entitled “Investor Forum” to educate investors and the public on securities trading via the internet on Friday, November 3 from 8.30 – 17.00 at the SET Auditorium, Rachadapisek Road. Featured activities include lectures for investors by distinguished guest speakers, “Money Talk” Live, and exhibitions by member companies, Thai internet service providers and other information providers. For those who are interested in using SETTRADE.COM’s services or in joining the seminar, please contact Tel. 229-2313 and 229-2315, Fax. 359-1005-6 for further information or reservations.