The Stock Exchange of Thailand (SET) is boosting Thailand's base of retail investors who use the Internet to trade equities or derivatives by releasing a second round of an annual online trading simulation competition, Click2Win.
The upcoming round will be launched in September, building on its success and enthusiastic investor participation in the May 2011 round.
"This activity has continuously boosted online-trading and helped prompt the new generation to trade via the Internet. Using the Internet is a rising trend because new Internet trading accounts were 41,251 accounts in the first six months of 2011, almost doubling from a year earlier," said SET Chief Marketing Officer Pakorn Peetathawatchai.
The simulation competition by SET in corporation with 14 leading securities firms reaches potential and current investors as part of a SET strategy to introduce them to Internet trading, enabling participants to learn all angles of securities and derivatives trading. They will experimentally execute orders via the Internet using current information and news to support real-time trade, Pakorn said.
In the first half of this year, average daily trading via the Internet accounted 25 percent of the total trading volume for stocks, and 30 percent for derivatives.
Click2Win is one of many SET activities to expand Thailand's investor base focusing on Internet-based trade, which is convenient and fast in executing trades. The click2win simulation has constantly grown in popularity, with 35,000 players in May, 2011. Enrollment is free and open now until August 31, 2011 at settrade.com/click2win