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As part of
its efforts to expand in Asia, KGI Securities began its acquisition of KGI
Securities (Thailand) Public Company Limited (KGI Securities (Thailand )) in
1998 and has since become the largest shareholder with a 34.97% stake. In
Thailand, KGI Securities (Thailand) is among the leading local brokerage
houses and is a public company listed on the Stock Exchange of Thailand
(SET). It now has 15 branches and a staff of over 500 in Thailand.
While the brokerage business remains the mainstay of KGI Securities
(Thailand), its parent has been proactive in exporting its financial
engineering know-how to its fellow group members in the region. As a result
of these efforts, KGI Securities (Thailand) has become a pioneer in
innovative financial product design. In the equity-related derivatives
market in 2007, KGI Securities (Thailand) led local peers in both issuance
and trading volume.
Through its own subsidiary, One Asset Management (OAM),
in September 2007 KGI Securities (Thailand) issued Thailand's first ever SET ETF, also acting as a market maker.
In Thailand's bond market, KGI Thailand has
in the past five years been focused on the development of market
infrastructure. For example, it was the first brokerage house in the
country to conduct Repo (bond repurchase) business. Last year, KGI
Securities (Thailand) was among the forerunners in outright bond trades and
bond Repo trades in Thailand. In fact, it conducted over 90% of total Repo
trades in Thailand in 2007, making it the leading bond trader there.
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