BANGKOK: INVESTORY, an investment learning museum, recently hosted a seminar titled “From Knocking the Board to Computers,” which delved into the evolution of stock trading from its inception to the modern era. The speakers at the event encouraged investors to prepare for the increasing use of AI technology in stock analysis.
According to Thai News Agency, the seminar was part of the celebrations for the 50th anniversary of the Stock Exchange of Thailand. It featured insights from Mr. Banyong Pongpanich, Chairman of the Executive Board of Kiatnakin Phatra Bank, and Mr. Somkid Jiranantarat, a Digital Technology Expert, and former Chairman of Kasikorn Business Technology Group (KBTG). They shared their experiences transitioning from traditional board-knocking trading methods to computer-based systems. Ms. Dueanphen Chansirisri, Director of the Basic Financial Knowledge Development Department at the Stock Exchange of Thailand, welcomed the participants.
Mr. Banyong discussed the early days of the Stock Exchang
e of Thailand, highlighting the board-knocking trading method and the working style of the initial 30 brokers. He outlined the transition to computer trading, which began in 1991, marking a significant technological shift in securities trading.
The introduction of computer technology allowed for handling greater daily trading volumes and emphasized the need for honest, transparent, and fair trading practices, leading to the establishment of the Securities and Exchange Commission (SEC) in 1992.
Mr. Somkid reflected on his role as Deputy Managing Director of the Stock Exchange of Thailand during the transition from board to computer trading. He recruited new talent with expertise in computer engineering and implemented the most advanced trading systems available internationally at that time.
The development of technology in securities trading has been ongoing, with current investors using AI to analyze factors affecting security prices. Investors are advised to understand AI’s role in investment as it contin
ues to advance.
Mr. Banyong also spoke about the Stock Exchange of Thailand’s growing influence in the economic system, particularly after the baht’s devaluation in 1983, which attracted foreign investment and increased trading volumes.
To stimulate trading during the shift from board-knocking to computer systems, Mr. Banyong noted that foreign investment played a crucial role. He emphasized the importance of building confidence among foreign investors to boost trading activity and sustain the upward trend of the Stock Exchange of Thailand index.
The seminar concluded with a tour of the INVESTORY Investment Learning Museum, aimed at enhancing participants’ knowledge of financial planning and investment strategies.
The seminar recording, titled “Plearn Talk and TOUR: From ‘Knocking the Board’ to ‘Computers’,” is available on Facebook at SET Thailand.