AEC Securities
AEC Securities (Beyond Securities, ticker BYD) is a Thailand-based full-service securities brokerage offering equities, derivatives, mutual funds, and investment banking services to retail and corporate clients, ranking in the country's top 5 following its 2026 merger with Kingford Securities.
- Company typePublic
- Founded2020
- HeadquartersBangkok, Thailand
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What AEC Securities does
AEC Securities (operating as Beyond Securities, SET ticker: BYD) is a Bangkok-headquartered, SET-listed Thai securities brokerage that provides a full-service capital markets platform to retail investors, mass affluent and high-net-worth individuals, corporate issuers, and institutional clients. The firm operates across equities brokerage on the Stock Exchange of Thailand, derivatives trading on TFEX, mutual fund distribution, securities lending, bond trading, investment banking (IPO underwriting and bond issuance), private fund management, and offshore investment services including DR/DRx products for Japanese and US stocks. Following its 2026 merger with Kingford Securities, AEC Securities ranks among the top 5 brokerage firms in Thailand by market share and is included in the SET100 index.
Technology infrastructure centers on a multi-platform digital trading architecture: the proprietary BeBeyond mobile application serves as the primary retail client interface, complemented by Beyond TradingView (integrated with TradingView for charting and technical analysis), Beyond Intelligence Trading (built on MetaTrader 5 with automated robot trading, real-time volume/bid-ask/ticker monitoring, and AI-assisted alerts via the Deepscope partnership), and Beyond Journey for daily market research. NDID-based digital onboarding and KPlus auto-debit integration with seven Thai banks lower barriers to account opening (no minimum deposit required). Revenue is generated primarily through transaction-based brokerage commissions on equities and derivatives, professional service fees from investment banking mandates, mutual fund distribution fees, securities lending fees, and recurring research/advisory subscriptions.
The firm holds a subsidiary structure encompassing H Incorporation Corporation (ACE) and Thai Smiles Bus (TSB), which operates electric bus transportation services in Bangkok under a Bangkok Mass Transit framework, with associated carbon credit generation under Paris Agreement Article 6.2. In early 2024, shareholders approved restructuring the company into Beyond Securities Holding Public Company Limited, consolidating these diversified holdings under a holding company structure.
AEC Securities firmographics
Firmographics- Name
- AEC Securities
- Legal name
- Beyond Securities Public Company Limited
- Website
- https://aecs.com
- Company type
- Public
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- AEC Securities (Beyond Securities, ticker BYD) is a Thailand-based full-service securities brokerage offering equities, derivatives, mutual funds, and investment banking services to retail and corporate clients, ranking in the country's top 5 following its 2026 merger with Kingford Securities.
- Ownership category
- akta.pro rank
AEC Securities industry classification
Industry- Product category
- Securities Brokerage
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231), Investment Banking and Securities Intermediation (523150), Commodity Contracts Intermediation (52316), Portfolio Management and Investment Advice (523940)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- Single-Dealer Platforms (Multi-Asset) (FSAFAEAG)
- akta.pro secondary industry
- Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)
Keywords
Where AEC Securities is headquartered
LocationHeadquarters
- HQ city
- Bangkok
- HQ country
- Thailand
- HQ region
- Asia
Offices1 record
Markets served
AEC Securities business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Brokerage Commission - Equities: Revenue from buying and selling listed securities on the Stock Exchange of Thailand (SET), charged as commission per transaction
- Derivatives Trading (TFEX): Revenue from futures and options trading on the Thailand Futures Exchange (TFEX)
- Investment Banking / IPO Underwriting: Fees from co-underwriting and lead managing IPOs, secondary offerings, and corporate bond issuances. The company has served as co-underwriter for numerous IPOs including TERA, CFARM, COCOCO, and others
- Mutual Fund Distribution: Distribution fees from selling mutual funds including SSF, RMF, and ThaiESG tax-saving funds
- Securities Lending (SBL): Revenue from securities borrowing and lending services
- Bond Trading: Revenue from corporate and government bond trading services
- Research and Advisory: Daily market research, stock analysis, and investment advisory services provided to clients
- Private Fund Management: Portfolio advisory and private wealth management services for high-net-worth clients
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard brokerage account with commission-based pricing |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels6 records
AEC Securities product offering
Product offeringCore offering
AEC Securities (Beyond Securities / BYD) operates as a full-service Thai securities brokerage providing equities trading on the Stock Exchange of Thailand, derivatives trading on TFEX, mutual fund distribution, bond trading, securities lending, investment banking (IPO underwriting and bond issuance), private fund management, and offshore investment services. The firm delivers these services through proprietary digital platforms (BeBeyond app, Beyond TradingView, Beyond Intelligence Trading on MT5) and direct sales relationships for corporate clients.
Product overview
AEC Securities (Beyond Securities/BYD) operates as a full-service securities brokerage providing a comprehensive financial services platform centered on equities and derivatives brokerage on the SET and TFEX markets. The core product portfolio spans equities trading, TFEX derivatives trading, and mutual funds, supported by specialized services including SSF Block Trade, SBL securities lending, bond trading, securities research, investment banking (IPO underwriting and M&A advisory), private fund management, and bondholder representation. The company has expanded into international investment offerings including offshore investment services, a global trading platform supporting DR/DRx products for Japanese and US stocks, and the LiVEx international trading platform. The digital offering is delivered through a multi-platform architecture: the proprietary BeBeyond mobile application serves as the primary client interface, complemented by the Beyond TradingView charting platform and Beyond Intelligence Trading (MT5) for algorithmic and automated trading. Beyond Journey provides daily market analysis, while the efin StockPickUp and efin Trade Plus integrations offer third-party stock analysis and mobile trading capabilities.
Differentiator
Problem solved
Functional benefit
Brands
- Be BEYOND: Mobile application for securities trading and portfolio management
- Beyond Intelligence Trading (MT5)
- Beyond TradingView
- Beyond Journey
- Beyond Wealth
- BYD Academy
Products and services
- Equities Trading (ซื้อขายหลักทรัพย์) Brokerage service for buying and selling securities listed on the Stock Exchange of Thailand (SET), targeted at retail and institutional investors.
- TFEX Derivatives Trading (สัญญาซื้อขายล่วงหน้า TFEX) Trading of derivative instruments including futures and options on the Thailand Futures Exchange (TFEX), for retail and institutional investors.
- Mutual Funds (กองทุนรวม) Distribution of mutual funds including equity funds, bond funds, and themed funds for portfolio diversification, including SSF, RMF and ThaiESG tax-saving funds.
- SSF Block Trade Block trading service for Super Saving Fund (SSF) tax-advantaged investments, targeted at retail investors seeking tax-efficient allocations.
- Bond Trading (ตราสารหนี้) Trading service for debt instruments including government and corporate bonds, for retail and institutional clients.
- Securities Research (วิเคราะห์หลักทรัพย์) Daily and periodic market analysis including Beyond Insight and Beyond Journey research publications covering equities, macro trends, and thematic investment opportunities.
- Investment Banking (บริการวาณิชธนกิจ) Corporate finance services including IPO underwriting, secondary offerings, debt issuance, and M&A advisory for listed and unlisted companies (co-underwriter for IPOs including TERA, CFARM, COCOCO).
- Private Fund (กองทุนส่วนบุคคล) Discretionary and non-discretionary private fund management for high-net-worth clients, delivered via the Beyond Wealth advisory channel.
- LiVEx International Trading Platform International equity trading platform enabling Thai investors to access foreign market investments.
- Global Trading Platform (DR/DRx) Foreign stock trading platform enabling Thai investors to access international equities, including Depositary Receipts such as Japanese stocks (UNIQLO, SONY, TOYOTA) and US stocks (PEP, KO, BRKB).
- Portfolio Advisory Investment allocation planning service providing personalized portfolio recommendations across different investor profiles.
- Bond Holder Representative Representation services for bondholders in corporate actions and default scenarios.
- Securities Lending (SBL) Securities lending service allowing clients to lend holdings for returns.
- Global Offshore Investment Offshore investment services covering international markets and asset classes for Thai investors.
Quantifiable outcome
- Top 5 market share ranking achieved following Kingford merger
- +2 more outcomes
Companies that use AEC Securities
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles4 records
AEC Securities technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
AI capability1 record
Feature3 records
AEC Securities partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- EA (Energy Absolute)coreCollaboration on Bangkok E-Bus carbon credit program. First-of-its-kind international carbon credit transaction under Paris Agreement Article 6.2, with EA providing carbon credit generation from TSB's electric bus operations.
- Rangsit UniversityminorPartnership to provide investment education through simulated trading system 'Click2Win', promoting financial literacy among students.
- Kuvera CapitalminorMOU for investment solutions collaboration. Kuvera Capital offers diverse investment solutions tailored to investor needs, working with AEC Securities to expand service offerings.
- Thammasat University (NU)minorPartnership under 'Beyond Learning' program to promote financial knowledge and investment skills among youth through educational initiatives.
- QuantEdge Capital and ICHAM (Singapore)minorCollaboration for quantitative investment strategy sharing and education, bringing Singapore expertise in systematic investing to Thai investors.
- CIBA DPU (Dhurakij Pundit University)minorAcademic partnership for 'Beyond Wealth Arena' trading competition and 'BYD Academy' investor education program. Joint initiative with SET to develop financial literacy and trading skills among university students.
- Thai Smiles Bus (TSB)coreThrough ACE (H Incorporation), AEC Securities holds indirect stake in TSB, which operates electric bus services in Bangkok. TSB provides public transport using EVs, with AEC Securities supporting financing and strategic development.
Scale indicators4 records
Recent moves9 records
Expansion highlights6 records
AEC Securities competitors and assessment
Company assessmentDirect peers
- KGI Securities (Thailand): Regional broker (KGI/KuoHua group) with full-service Thai retail brokerage, derivatives, and IB. Closely comparable in product mix, regional IB league-table activity, and digital platform emphasis.
- Finansia Syrus Securities: Thai retail broker-dealer providing online trading, derivatives, mutual funds, and research. Comparable Thai-focused retail brokerage with similar digital-led customer acquisition.
- Bualuang Securities Public Company: Bangkok Bank-backed Thai retail broker with full-service offerings across equities, TFEX, mutual funds, and wealth management. Comparable Thai brokerage competitor with similar product breadth and retail focus.
- DBS Vickers Securities (Thailand): Singapore bank-backed Thai broker offering local and offshore securities trading, derivatives, and research. Comparable Thai brokerage with multi-market reach and bank-affiliated distribution.
- Phillip Securities (Thailand): Thai retail and institutional broker-dealer under PhillipCapital offering equities, derivatives, mutual funds, and IB. Directly comparable full-service securities platform serving Thai retail with proprietary apps and IPO distribution.
- Yuanta Securities (Thailand): Taiwanese regional group operating a Thai retail and institutional broker with equities, derivatives, and online platform. Direct comparable as a foreign-affiliated Thai broker competing for retail share.
- Maybank Kim Eng Securities (Thailand): Malaysian-backed Thai broker-dealer offering equities, TFEX, mutual funds, and IB. Comparable as a top-tier Thai retail broker with regional institutional reach and similar multi-asset offering.
- Asia Plus Securities Company Limited: Mid-tier Thai securities firm offering brokerage, derivatives, mutual funds, and investment banking. Comparable full-service Thai broker competing in the same retail and IPO distribution segments.
Broad incumbents
- Interactive Brokers (Thailand/IBKR): Global multi-asset electronic broker offering equities, derivatives, FX, and funds on a single platform. Comparable as a multi-asset single-dealer-style platform serving retail and professional investors, albeit with much larger global scale.
- JPMorgan Securities (Thailand): Global investment bank's Thai securities subsidiary focused on institutional ECM/DCM, M&A advisory, and equity research. Overlaps with Beyond's IB franchise but addresses institutional rather than retail clients.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
AEC Securities social profiles
Digital presenceAEC Securities financial estimates
Financial estimateRevenue estimate
Valuation estimate
AEC Securities leadership team
Management profileNumber of profiles
Profiles10 records
AEC Securities subsidiaries and ownership
Company hierarchySubsidiaries2 records
AEC Securities funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AEC Securities M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AEC Securities
What does AEC Securities do?
AEC Securities (Beyond Securities / BYD) operates as a full-service Thai securities brokerage providing equities trading on the Stock Exchange of Thailand, derivatives trading on TFEX, mutual fund distribution, bond trading, securities lending, investment banking (IPO underwriting and bond issuance), private fund management, and offshore investment services. The firm delivers these services through proprietary digital platforms (BeBeyond app, Beyond TradingView, Beyond Intelligence Trading on MT5) and direct sales relationships for corporate clients.
Is AEC Securities a public or private company?
AEC Securities is a public company. It is classified as public and is currently operating.
When was AEC Securities founded?
AEC Securities was founded in 2020. It employs 251 to 500 people.
Where is AEC Securities based?
AEC Securities is headquartered in Bangkok, Thailand, in the Asia region.
How does AEC Securities make money?
Eight revenue lines are on record. Brokerage Commission - Equities are the primary driver. The others are derivatives Trading (TFEX), investment Banking / IPO Underwriting, mutual Fund Distribution, securities Lending (SBL), bond Trading, research and Advisory and private Fund Management.
Who are AEC Securities's main competitors?
Direct peers on record are KGI Securities (Thailand), Finansia Syrus Securities, Bualuang Securities Public Company, DBS Vickers Securities (Thailand), Phillip Securities (Thailand), Yuanta Securities (Thailand), Maybank Kim Eng Securities (Thailand) and Asia Plus Securities Company Limited. Broad incumbents are Interactive Brokers (Thailand/IBKR) and JPMorgan Securities (Thailand).
Does AEC Securities have an API?
No public API is recorded for AEC Securities.
What industry is AEC Securities in?
AEC Securities's product category is Securities Brokerage. Its primary akta.pro industry code is FSAFAEAG, Single-Dealer Platforms (Multi-Asset), with a secondary code of BPAHAOAL, Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory). Its NAICS code is 5231 and its SIC code is 6211.