The online stock trading volume in Thailand will surpass conventional
brokerages this year for the first time thanks to surging smartphone and tablet
usage, says the Stock Exchange of Thailand.
Thirapun Sanpakit, the senior vice-president for IT operations, said the prediction is based on the 25% growth of online trading volume in the first quarter, exceeding half of the total.
The SET was ranked the fifth best-performing stock market in the world last year.
Mr Thirapun also said the SET has allocated a 2-billion-baht IT budget for 2011-15 in order to enhance its IT infrastructure. The move is in preparation for the opening of Asean capital market integration under the Asean Economic Community.
Most of the budget will be used to improve the trading system.
So far, the Thai, Malaysian and Singaporean bourses have entered into the Asean Trading Link, breaking down barriers to cross-border trade in the region.
Mr Thirapun said the SET is investing in new data management software supplied by CommVault. The new software enables the SET to analyse more investor behaviour trends and detect suspicious trading.
The SET plans to increase the ability to analyse data back to five years instead of two years like at present.
Mr Thirapun said the SET plans to set up a new data centre by 2015 to provide a cloud community service to brokerages.
"This will create a new revenue stream from IT services to us," he said.
Rick Theiler, a vice-president for Asia-Pacific at CommVault, the US-based information management software company, said the high growth of big data and the increased demand for mobility from enterprises has increased demand for information management software to speed up searching and analytic processes.
Since 2006, CommVault has had a compound growth rate of 25% with annual revenue of US$495 million.
"We aim to reach $1 billion in revenue over the next few years," said Mr Theiler.
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