Online trading tipped to constitute 80%

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Online trading tipped to constitute 80%

Published: 23 Jan 2013 at 00.00
Newspaper section: Business

The Thai stock market hopes to see online investors make up 80% of total accounts from 50% currently.

Internet trading has already dominated the market, accounting for more than 50% of all accounts as a result of aggressive promotion by the Stock Exchange of Thailand (SET), said Kesara Manchusree, executive vice-president for markets.

Now is a good time to promote online stock trading because of the bullish market sentiment and the popularity of mobile devices; namely tablets and smartphones, she said.

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3rivers
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Discussion 4 : 23 Jan 2013 at 18.564
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Retail has always been the biggest players in the Thai market, even in the face of nominee hot money lately. Read the SET's annual reports. Getting folks to switch to online with smartphones and tablets so ubiquitous should not be too big of a goal to try for. As for the bubble that is now building, heee hee heee! 2 years sounds right.
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boons
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Discussion 3 : 23 Jan 2013 at 15.283
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D2: You're correct. I misread that as "trading activity" and not "accounts". And I hear you. I've been thinking along the same lines.
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faranginkorat
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Discussion 2 : 23 Jan 2013 at 07.352
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80% retail should be a low number. How many institutional traders do you think there are???
I stopped frequent trading (not "day trading", but close) almost 2 years ago to free my life from my laptop.
It is pretty much a net sum gain, like a card game, with winners gaining what losers lose.
Looking at the rapid increase of inexperienced people starting to trade, I must contemplate getting back into the game.
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boons
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Discussion 1 : 23 Jan 2013 at 05.591
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80% retail? Come on. Please.
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Online trading tipped to constitute 80% | Bangkok Post: business