Skynet System Co Ltd, a subsidiary of Asiasoft Corporation Plc and the first Thai developer to create a social trading and ranking system, has proposed that the Thai bourse consider establishing a platform incorporating robotics trading to enhance trading efficiency.
Pipat Rungruang, chief executive at Skynet System, said the company's trading platform can be a hub linking global securities products, including digital assets, futures contracts and stocks offered by securities companies.
The company has five branches located in Singapore, Malaysia, Vietnam, Indonesia and the Philippines.
"The typical lifestyle of investors hardly provides sufficient time to follow investment information and monitor their portfolios, but robotics can analyse and report on trading statistics," he said.
"Skynet can report all investment information to investors. The system has been created and managed by our five professional IT staff."
The company has developed a social trading system whereby users can observe the performance of top-tier investors through investment rankings and score assessment.
This allows amateur investors to mimic top investors' strategy based on the performance of investment returns.
Mr Pipat said the Stock Exchange of Thailand (SET) and the Association of Securities Companies (Asco) are considering supporting Skynet because its social trading platform serves artificial intelligence (AI) and algorithmic trading systems for all coding languages, including high-level and low-level programming.
The SET's current trading system still cannot complete all types of automated orders and limits the coding language to only a rule-based script, while global stock exchanges can use AI to send trading orders, he said.
The platform also has a ranking system to keep track of statistics as big data, displaying investors' rankings from using AI or robotics trading in comparison with the performance of investment funds, said Mr Pipat.
Registered users can also create profiles and stay in touch with friends and colleagues, he said. There are several components in each profile that can help investors improve their investment skill and knowledge, said Mr Pipat.
"We plan to apply the ranking system used in gaming for investment in the SET and will rank the performance of top investors and brokerage firms in Southeast Asia, which covers areas in which companies have representative offices," he said.
Skynet has also created a system interface for sending orders, in which trading orders can be obtained from any algorithmic trading system, said Mr Pipat.
Investors are poised to increasingly focus on using automated trading systems and robotics to automatically place orders, he said.
Skynet's social trading platform is a product that can be tested on domestic cryptocurrency exchanges and the futures market, said Mr Pipat.
Asco chairwoman Pattera Dilokrungthirapop said Skynet's social trading platform is interesting, but Asco and the SET have yet to consider approving such innovation as they continue to await a new regulation on allowing new businesses to operate securities trading by the Securities and Exchange Commission.
