SET joins forces with M-DAQ for real-time SET50 stock prices in 10 currencies

Stocks and Financial Services Press Releases Monday July 13, 2020 14:12
Bangkok--13 Jul--The Stock Exchange of Thailand

The Stock Exchange of Thailand has partnered with M-DAQ, Asia’s leading Fintech startup, to collaborate and develop a solution that allows investors to view the real-time prices of SET50 stocks in 10 different currencies. With this groundbreaking solution, SET aims to facilitate investors and brokerage firms to enhance their securities analysis and expand investor base, ultimately increasing investment appetite. The solution is now live on www.set.or.th.

SET Senior Executive Vice President Soraphol Tulayasathien said that the solution will convert the real-time prices of SET50 component stocks into 10 different currencies by using interbank foreign exchange rate. The indicative price generated will benefit foreign investors for their decision making while brokerage firms can also leverage the information to enhance their services to clients.

“This partnership with M-DAQ will widen opportunity for foreign investors to invest in the Thai market, enabling them to manage portfolios more effectively and conveniently. Having said that this innovation affirms one of SET’s strategy 'Grow with New Opportunities,’ aiming to continuously make our products more attractive to expand investor base,” added Soraphol.

M-DAQ Founder/CEO, Richard Koh added, “Trading the Right Chart(TM) was specifically designed for leading global exchanges - like the SET – which have diverse and sophisticated investors and stakeholders, to facilitate their international equities trading and increase liquidity and velocity of trades thanks to price certainty.”

The 10 currencies consist of Australian dollar, Chinese yuan, Euro, British pound, Hong Kong dollar, Indonesian rupiah, Japanese yen, Malaysian ringgit, Singapore dollar and US dollar.
For more information, please visit www.set.or.th. Select 'Market Data’ menu. Then choose 'Equities. 'Foreign Currency Indicative Stock Quote’ will appear on the menu.
About The Stock Exchange of Thailand

The Stock Exchange of Thailand (SET) is among the most liquid exchanges in Asia, providing a full range of investment products including equities, derivatives, as well as world-class trading, post-trade infrastructure/technology services. Going forward, SET’s vision “To Make the Capital Market 'Work’ for Everyone” is aligned with the aim to support strong economic growth and competitiveness. Globally and regionally, SET has also actively coordinated with other exchanges to boost investment opportunities and capital market growth potential. Moreover, SET puts strong emphasis on sustainable growth by promoting listed companies’ business models that care for environmental, social and governance (ESG) practices.

About M-DAQ

M-DAQ was founded in 2010 with a vision to create a World without Currency Borders(R) and is a home-grown Singapore based FinTech. Today, the 10-plus year old company is one of the most valuable FinTech companies in the region, having recently welcome Japan’s NTT Communications and South Korea’s Samsung and Kiwoom Securities as investors and business partners, in addition to Ant Financial, EDBI, GSR Ventures and Vickers Venture. At last year’s 25th Anniversary edition of the Singapore Enterprise 50 Awards, M-DAQ was given the inaugural special Digital Economy Award for being the “next billion-dollar company” in Singapore.

For more information, please contact Jason Tay at Jason.Tay@m-daq.com or visit our website at https://www.m-daq.com/ .

Latest Press Release

EXIM Thailand Joins Hands with Public and Private Alliances in Online Business Matching between Thai SME Exporters and Importers in CLMV and Other ASEAN Countries

Export-Import Bank of Thailand (EXIM Thailand) has collaborated with Bank for Agriculture and Agricultural Cooperatives (BAAC), Thailand Institute of Scientific and Technological Research (TISTR) and such affiliated network partners from the public and...

Resilient ILM made profit in Q2/2020, despite the almost 2-month store closure

ILM announced its first half of the year 2020, generating total revenue over 4 billion baht with a gross profit margin of 44.1%, after focusing on the product mix strategy to cope with COVID-19, while consumer behavior is getting more in favor of house...

SET market report for July 2020

The Stock Exchange of Thailand (SET) Index at end-July closed at 1,328.53 points or a 0.8 percent decline from the previous month with various factors weighed on investors’ sentiments includingUS-China conflict, concerns over the second wave of...

AIS earnings in Q2 drop due to COVID-19. Careful cost management yields profit growth.

AIS reported its Q2 earnings showing net profit of7,235million baht equal to a decline of6.7%compared YoY, but grew3.3%compared to Q1 as a result of strict cost control. Total revenue fell 4.1% to 42,256 million baht. The COVID-19 pandemic already...

Thailand’s Eastern Economic Corridor Promotes Genomics Project as Center of Medical Hub

Thailand, already famed for its world class hospitals and success combating coronavirus, aims to enhance its role as a global medical hub by establishing a Thailand Genomics Sequencing Center in the country’s high-tech Eastern Economic Corridor...

Related Topics