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Online securities trading in Asia

Source: Shangpin China | Type: website encyclopedia | Time: September 9, 2014
Website Design , bringing convenience to the rapid development of online financial transactions in Asia. In the past, financial services in this area were expensive and information was scarce. The advent of the Internet has surprised securities investors in the region. Take South Korea for example. Since 2000, the volume of online securities trading in South Korea has soared, marking the beginning of a new era for Korean securities trading. According to the data provided by the Korean Securities Association, the online securities trading volume of five large securities companies, including Daewoo, Hyundai, LG, Daxin and Samsung, exceeded 100 trillion won in the first seven months of 2000. In addition, according to the statistics of the Financial Supervision Institute, in the first quarter of 2000, the income from online securities trading procedures of securities companies reached 120.2 billion won, an increase of 123.4% over the fourth quarter of 1999. By the end of May, the number of accounts opened by customers had reached 620000, accounting for more than 10% of all trading accounts. With the active stock market, the online trading volume is also increasing, The amount of online transactions in July 2000 was 100 times that in January 1999, and the amount of online transactions in April of the same year exceeded the total amount in 1998.
 

stock exchange

The main reason for the rapid growth of online financial transactions is that it is convenient and fast. Customers only need to take their ID cards and stamps to the business department of the securities company to fill in an "application for account registration" and an "application for online trading", and then they can use the special programs provided by the securities company or enter the securities company's trading website through ordinary computer networks and PC communications for trading. In this way, customers can observe the market and make investment decisions through the computer screen at any time, whether at work or at home. Instead of going to the stock exchange. Because of this, online transactions are particularly favored by company employees, housewives and college students.

Low handling fees are also one of the reasons for the rapid increase of online transactions. According to the survey, at present, the service charge for online securities trading is generally 0.1% to 0.15% of the trading volume, which is 1/5 of the service charge for ordinary securities trading. In order to attract customers, securities companies also compete to reduce the service charge. Therefore, online transaction fees will continue to decline. In Taiwan, the online trading market was opened to investors only in 1999. At present, 39 companies have started to provide online financial trading services.

Online trading will bring great changes to Asia's financial industry. By reducing the cost and risk of new investment products, it has promoted the liquidity of Asian exchanges and contributed to the transformation of the region's economy. Online traders will also force Asian capital markets to strengthen transparency, because investors are beginning to pay attention to the market, hoping to have rich research results and strict information disclosure systems like today's American market. In South Korea, online trading has brought new changes to the securities industry. First, the competition is becoming increasingly fierce. In order to attract more investors, securities companies have expanded their lines, increased investment and finance consulting, e-mail and other services, and actively worked to solve network barriers and security problems, and strive to improve service quality. The second is the structural change of the securities industry. It is expected that professional online stock exchanges and specialized online intermediaries will appear in the near future. Not only securities companies, but also Internet related businesses will enter this field independently or in cooperation with foreign companies. At the same time, as various securities companies compete to reduce transaction fees, they will force small securities companies, whose main source of income is fees, to turn around and specialize in investment banking, business sales consolidation and asset management.
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