Reference
·Primary source
Top-3 Thai securities brokers — combined market-share of equity turnover
~30–35% of total turnover
The Thai equities brokerage market is moderately concentrated. Bualuang Securities (BLS, subsidiary of Bangkok Bank), Kasikorn Securities (KS, subsidiary of KBANK), and KGI Securities Thailand (subsidiary of KGI Asia) are consistently ranked among the top-5 brokers by equity-turnover market share. Together the top three firms typically capture 30–35% of daily SET equity turnover, with the remainder split across 30+ smaller brokers. The Association of Securities Companies (ASCO) publishes quarterly brokerage market-share rankings. Online and app-based trading platforms — particularly those offered by SCBS (SCB Securities), Settrade (a SET-owned platform), and Robinhood-style entrants — have driven retail brokerage commissions sharply lower since 2021, compressing fee income across the industry.
Figure in context
The Thai equities brokerage market is moderately concentrated. Bualuang Securities (BLS, subsidiary of Bangkok Bank), Kasikorn Securities (KS, subsidiary of KBANK), and KGI Securities Thailand (subsidiary of KGI Asia) are consistently ranked among the top-5 brokers by equity-turnover market share. Together the top three firms typically capture 30–35% of daily SET equity turnover, with the remainder split across 30+ smaller brokers. The Association of Securities Companies (ASCO) publishes quarterly brokerage market-share rankings. Online and app-based trading platforms — particularly those offered by SCBS (SCB Securities), Settrade (a SET-owned platform), and Robinhood-style entrants — have driven retail brokerage commissions sharply lower since 2021, compressing fee income across the industry.
The Thai equities brokerage market is moderately concentrated. Bualuang Securities (BLS, subsidiary of Bangkok Bank), Kasikorn Securities (KS, subsidiary of KBANK), and KGI Securities Thailand (subsidiary of KGI Asia) are consistently ranked among the top-5 brokers by equity-turnover market share. Together the top three firms typically capture 30–35% of daily SET equity turnover, with the remainder split across 30+ smaller brokers. The Association of Securities Companies (ASCO) publishes quarterly brokerage market-share rankings. Online and app-based trading platforms — particularly those offered by SCBS (SCB Securities), Settrade (a SET-owned platform), and Robinhood-style entrants — have driven retail brokerage commissions sharply lower since 2021, compressing fee income across the industry.
Time scope
FY2023
Source basis
Primary source
Interpretation notes
What this tells you
The Thai equities brokerage market is moderately concentrated. Bualuang Securities (BLS, subsidiary of Bangkok Bank), Kasikorn Securities (KS, subsidiary of KBANK), and KGI Securities Thailand (subsidiary of KGI Asia) are consistently ranked among the top-5 brokers by equity-turnover market share. Together the top three firms typically capture 30–35% of daily SET equity turnover, with the remainder split across 30+ smaller brokers. The Association of Securities Companies (ASCO) publishes quarterly brokerage market-share rankings. Online and app-based trading platforms — particularly those offered by SCBS (SCB Securities), Settrade (a SET-owned platform), and Robinhood-style entrants — have driven retail brokerage commissions sharply lower since 2021, compressing fee income across the industry.
What not to do with it
Use the linked report for interpretation and keep basis differences explicit.
Related figures
Adjacent numbers that add context without drowning the value.
Stock Exchange of Thailand — total market capitalisation
Stock Exchange of Thailand, SEC Thailand annual report
SET and mai IPO fundraising — annual total
SEC Thailand IPO approval registry, SET Listed Company statistics
Foreign investor ownership of SET free float
SET investor-type statistics, Bank of Thailand capital-flow data
mai (Market for Alternative Investment) — total listed companies
SET Listed Company database, SEC Thailand annual report
Report context
Atlas actors in this figure's reports
Profiles covered in the report that cite this number.