Ms Nusara unveils the details of Finansia HERO, a mobile application facilitating equity trading and share analysis for retail investors. Finansia Syrus Securities (FSS) plans to increase the portion of institutional investors and revamp its business model towards wealth management and private funds to offset declining brokerage revenue. The company ranks fifth among Thailand's online securities brokerages, with online trading contributing some 70% of total revenue and 75% of the firm's total trading value. FSS will focus on revamping its business model to enhance the portion of institutional investors from 30% to 50% by year-end, moving into wealth management and private fund businesses, said Mr Chuangchai. As of April, FSS registered total securities trading accounts of 75,319, with 62,055 categorised as online trading accounts.

Source: Bangkok Post May 22, 2019 23:10 UTC