Thailand's Mobile Financial Services licenses DSTi's HiTrade
01 April 2004 | 693 views | 0
DST International (DSTi) - a leading provider of business solutions for the investment management industry announced today that it is partnering with Mobile Financial Services Limited (MFS) - Thailand's leading mobile provider of financial information to the retail market.
MFS will use HiTrade - DSTi's front end processing solution for brokers - to allow its clients to view portfolio information and to enter orders.
MFS currently utilises mobile phone and internet technology to provide Equity market information from the Stock Exchange of Thailand. The service enables the end user to view portfolio information and enter orders. Over the next 12 months MFS intend to grow the service so that it will also provide banking, insurance and mutual fund information thereby becoming a one stop portal to the retail banking market.
Khun Jiradej Poonmanothum, CEO of MFS, said, "Being partners with DSTi gives us the chance to work closely and smoothly with the local brokerage firms. We automatically have a high level of trust from them because of DSTi's reputation in Thailand. We are confident that together with DSTi we can build even more trust and earn even more respect from Thai brokers and investors."
Thitikorn Choksuwanich, DSTi's general manager in Thailand, said, "Through the process we have developed a strong relationship with MFS. They are a respected information provider in Thailand and innovative in their product development. We are pleased that they found HiTrade to be the best solution for their product. HiTrade is well and truly the market leader in Thailand."
DSTi has licensed MFS to use HiTrade and HiTrade AnyWhere technology to provide the service to the end users. HiTrade currently powers 55% of the Brokers in Thailand and manages 65% of the market transactions.