Bangkok--30 Oct--Macquarie Securities
Macquarie Securities (Thailand) Limited, broker number 28, today announced it will launch its first Derivative Warrants (“DW”) on the Stock Exchange of Thailand. Macquarie’s first issuance tranche will be over IVL, ADVANC, TCAP, IRPC, SCC and BJC.
“Macquarie has a long history of participation in the DW markets and was the first issuer to launch a DW in Asia-Pacific in 1996,” said Justin Crawford, Global Head of Derivatives for Macquarie Securities Group. “Macquarie continues to work with local participants to grow and develop these markets and we are positive about the outlook for the DW market in Thailand.”
“Thailand has a large and growing base of investors that are well suited to DW. We believe the DW market is still in a relatively early stage of development in Thailand with significant potential for market growth in the coming years”.
Macquarie is currently one of the largest DW issuers in Asia-Pacific with a leading market share in Australia, Hong Kong, Korea and Singapore. It has a highly advanced trading system enabling it to provide tight and liquid markets for investors. Macquarie also has a reputation in DW markets for providing competitive and consistent pricing. Macquarie takes a leading role in educating retail investors about how to invest in DW’s.
“Initially much of our effort will be focussed on educating Thai investors about DW’s,” said Noppadon Duangthipnest, Macquarie Securities Head of Derivative Sales in Thailand. “We will be conducting regular educational seminars and have launched a state of the art website, mqwarrants.co.th, with the latest tools and information which is free for DW investors in Thailand.”
Macquarie is one of the most experienced foreign DW issuers to enter the Thai market. It is also the first independent issuer in Thailand not affiliated with a local retail brokerage business and is therefore able to offer its products to all Thai investors and brokerages. Macquarie plans to list a total of 28 DW’s in the first two weeks after launch. It plans to list many more over the coming months with the aim of ensuring there is a wide selection of DW’s with various strikes and expiries to suit the needs of different investors.
Macquarie Securities (Thailand) Limited has been operating businesses on financial and investment services in Thailand since 2004 as an affiliated company of the Macquarie Group Limited, and has been granted licenses to conduct securities businesses in Thailand.
About Macquarie Group
Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services.
Macquarie’s main business focus is to provide a diversified range of services to clients. Macquarie acts on behalf of institutional, corporate and retail clients and counterparties around the world.
Macquarie Group Limited is listed in Australia (ASX:MQG; ADR:MQBKY) and is regulated by APRA, the Australian banking regulator, as the owner of Macquarie Bank Limited, an authorised deposit taker. Macquarie also owns a bank in the UK, Macquarie Bank International Limited, which is regulated by the Financial Services Authority (FSA). Macquarie's activities are also subject to scrutiny by other regulatory agencies around the world.
Macquarie’s approach to risk management is long-standing. Strong risk management practices are embedded in business unit management with central oversight of credit, market, funding, compliance and operational risk. These, together with a strong, committed team are key drivers of Macquarie’s success.
Founded in 1969, Macquarie employs more than 14,200 people in 28 countries. At 31 March 2012, Macquarie had assets under management of $A327 billion.