Phillip Securities expands use of DSTi's HiTrade
26 April 2004 | 493 views | 0
DST International (DSTi) – a leading provider of business solutions for the investment management industry announced today that the Thai broker, Phillip Securities (Thailand) PLC, will expand its use of HiTrade – DSTi's front end processing solution for brokers.
Phillip Securities (Thailand) is part of the Phillip Capital Group that is based in Singapore. In 2002, they migrated to HiTrade on UNIX. The company currently has 8 branches.
Phillip Securities' front office system consists of Main, Hot Backup, Trade Engine, MarketWorks and Data Gateway. They use Data Gateway for interfacing with their well known internet trading system (POEMS).
K.Arak, Phillip's Senior Vice President-IT, said, "We chose HiTrade because we believe the flexibility of a Windows-based system will result in higher operational efficiency. HiTrade has an excellent reputation here in the markets and we chose them because of this and the service that we know we will receive."
Thitikorn Choksuwanich, DSTi's general manager for Thailand, said, "Phillip Securities has high standards and it is a real credit to HiTrade that it is their chosen solution. HiTrade is truly the undisputed leader for broker front office solutions for the Thai market, as proven by our clients."
HiTrade currently powers 55% of the brokers in Thailand and manages 65% of the market transactions.