Thai bourse gears up securities trading via Internet banking

Source: Stock Exchange of Thailand

The Stock Exchange of Thailand (SET) announces that three Thai banks - Bangkok Bank plc, Krung Thai Bank plc, and Siam Commercial Bank plc) - are now ready to provide securities trading through Internet banking, following the SET's campaign "One for All", which aims to increase the number of trading channels for equities and derivatives.

"This is a consequence of the stock exchange's campaign 'One for All - A simple way to trade online via banks,' launched in June. All three banks mentioned, with their securities companies, are ready to open the service. Internet banking users can now trade equities and derivatives trading by using their current login name and password," noted SET President Charamporn Jotikasthira.

The three brokerage firms consist of Bualuang Securities, owned by Bangkok Bank; KT Zmico Securities, by Krung Thai Bank; and SCB Securities, by Siam Commercial Bank.

The SET expects that the six other banks -- Bank of Ayudhya plc, CIMB Thai Bank plc, Kasikornbank plc, Kiatnakin Bank plc, Thanachart Bank plc and Tisco Bank plc -- participating in the One for all's campaign will be able to operate the service later this year. The exchange is also considering expanding the service to include non-bank brokers as well as boosting online-trading investors following its investors' expansion strategy, Charamporn said.

"One for all" is a project to gather all banking products to match customers' investment and cash management needs with easy and one-stop self-service access. This enables retail banking customers interested in various kinds of investments to use their current login name and password for Internet banking to access securities trading, including opening new accounts. 

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