Settrade OneClick has been designed for derivatives trading, in which investors must have studied market movements closely, with ready access to full information.

"Settrade chose to work with Daishin Securities because of their experience in Internet trading," said Settrade CEO Chanisa Chutipat. "The efficiency of Daishin's system, its speed and ease of use, will make investment in futures much more convenient."

Daishin Securities chair Lee Auh-ryung said the collaboration with Settrade had provided knowledge transfer and that she saw a good working relationship as well as future collaboration.

After commencing Internet trading in 1997, South Korea now has the world's highest online turnover, making up about half of its total securities trading.

"Daishin Securities is [South] Korea's No-1 broker in online trading," she said. "Our system can efficiently accommodate an average annual turnover of US$250 billion [Bt9.42 trillion]. Consequently, we believe Thai investors will be able to trade through Settrade OneClick with confidence, as the programme is based on our decades-long experience."

Settrade plans to cooperate with the TFEX, the Thailand Securities Institute and securities firms with online futures-trading services to provide an educational programme for online traders, including seminars, workshops and simulation games.

Initially, 10 brokerages will use Settrade OneClick and its related systems. They are ACL Securities Co Ltd, Ayudhya Derivatives Co Ltd, Bualuang Securities Plc, DBS Vickers Securities (Thailand) Co Ltd, Kim Eng Securities (Thailand) Plc, KGI Securities (Thailand) Plc, Phatra Securities Plc, Trinity Polaris Futures Co Ltd, Thanachart Securities Plc and Tisco Securities Co Ltd.

Meanwhile, TFEX president Kesara Manchusree said providing a trading alternative over the Internet will make the investing process faster and more convenient. Investors with existing futures-trading accounts can simply tell their brokers they wish to trade online.

The TFEX expects the number of participating brokers to increase beyond the initial 10. Those interested can apply for a system test.

Kesara said that so far, the exchange has conducted successful joint system tests with three systems developers and 10 TFEX members.

Over the past few months, the TFEX has been educating investors and brokers in online trading of SET 50 Index futures through seminars, training and a simulation game.

"We're confident investors are now proficient enough to trade through the Internet and that they will receive fast and efficient service," said Kesara.

Siriporn Chanjindamanee

The Nation