CNS spends Bt10m on Web trading
Capital Nomura Securities Plc (CNS) has invested Bt10 million to develop its information-technology system to support online "credit-balance" trading accounts as well as the securities borrowing and lending (SBL) business.
The broker also aims this year to extend its analysis coverage of listed companies to 200 firms, up from 150. The IT development to support Internet trading is aimed at serving the company's more than 1,000 existing clients as well as attracting new customers. The company's Internet trading now serves only customers with "cash-balance" trading accounts, said Kavee Chukitkasem, senior vice president and head of the research division of CNS. Cash-balance accounts are trading accounts that customers use to buy and sell stocks up to the value of cash deposited with the company, while customers with credit balances will be allowed higher credit lines beyond their deposits. Kavee said the company had invested Bt10 million in IT systems to support credit-balance accounts as well as SBL on Internet. The company started offering online credit-balance accounts on March 31 and has received a positive response from customers, he said. The firm will offer online SBL services soon. He said the company aimed to do more analysis reports focusing more on statistics with one analyst to cover 20 listed firms. Siriporn Chanjindamanee The Nation
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