Transference of Trading Knowledge
Daishin Securities will export its Home Trading System (HTS) and Mobile Trading System (MTS) to Southeast Asia's largest market, Thailand.
Daishin Securities said on November 14 that the company signed a memorandum of understanding (MOU) to transfer information technology (IT) know-how including know-how in the HTS and MTS. Bualuang Securities is a subsidiary of the Bank of Bangkok and a leading brokerage house with the highest profitability in Thailand. Thailand is the largest Southeast Asian market with a daily stock trading volume of US$1.4 billion. Over the past five years, its securities industry has grown explosively as its total number of securities accounts has doubled from 600,000 to 1.2 million.
The two companies will complete the development of the HTS and MTS by the end of next year, and expand cooperation in various business areas such as investment banking (IB), wealth management (WM) and stock brokerage.
Daishin Securities is the only Korean securities company that has pioneered the Southeast Asian market for more than 10 years. In 2004, the company first exported its online stock trading system to Polaris Securities in Taiwan. The following year, Daishin Securities built a futures trading system in Settrade in Thailand, which corresponds to Koscom in Korea. In 2011, the company exported the HTS to Mandiri Sekuritas in Indonesia.