Thailand Futures Exchange appoints 3 market makers for stock futures

Stocks News Monday May 30, 2016 17:04 —PRESS RELEASE LOCAL

Bangkok--30 May--SET Thailand Futures Exchange PCL (TFEX) welcomes three new market makers namely KGI Securities (Thailand) pcl (KGI), Trinity Securities Co., Ltd. (TNITY) and RHB Securities (Thailand) pcl (RHBS) to increase liquidity for stock futures, effective from June 1, 2016. TFEX Managing Director Rinjai Chakornpipat said, "Effectively from June 1, 2016, these three new market makers will provide a 2-way continuous quote via automatic order matching system which will help boost liquidity and making it more convenient for investors to either buy or sell stock futures." "These days, stock futures have become more appealing to investors as they can be used for both trading and hedging while requiring a small capital outlay. Liquidity on stock futures varies depending on the interest of the underlying stocks and some are transacted in block trading. As a result, TFEX would like to enhance the liquidity in single stock futures to provide investors with confidence that they could trade any underlying stock futures they are interested by introducing these three new market makers," added Rinjai. In the beginning, each market maker will provide a 2-way quote for stock futures of five underlying securities in the two nearest series but obligations will be revised periodically. Currently, TFEX has 69underlying securities for its stock futures, with a contract size of 1,000 shares. Each stock future have four contract months, expiring in March, June, September and December. The key feature of the stock futures is that it requires initial margin not more than 10 percent of the contract notional value. In addition, short selling a futures contract when the market is in a downtrend is convenient because investors do not have to engage in any stock borrowing transaction. This allows investors to react much faster to the price movement of the market.

เว็บไซต์นี้มีการใช้งานคุกกี้ ศึกษารายละเอียดเพิ่มเติมได้ที่ นโยบายความเป็นส่วนตัว และ ข้อตกลงการใช้บริการ รับทราบ