กรุงเทพฯ--17 ส.ค.--SET
Thailand Futures Exchange PCL (TFEX) - under the Stock Exchange of Thailand (SET) group, revealed that TFEX was ready to trade the first agricultural derivatives product which was ribbed smoked rubber sheet no.3 futures (RSS3 Futures) within the fourth quarter of this year after the exchange had merged with The Agricultural Futures Exchange of Thailand (AFET) and The National Legislative Assembly approved the Agricultural Futures Trading Act amendments.
Sathit Limpongpan, Chairman of SET and TFEX, stated that TFEX has adjusted related regulations including trading, clearing and settlement systems as well as running the operational test called industry-wide test for both existing and new members from AFET in order to ensure that the agricultural futures trading could start trading as soon as all the related laws were effective and could be operated smoothly.
"RSS3 Futures will be the first agricultural derivatives product to be traded on TFEX. At present, this product still has some trading activities and open interest on AFET. During the transition period, RSS3 Futures will be traded on both TFEX and AFET. To ensure a smooth and seamless transition, together with our new members from AFET, we have continued to provide information relating to the transition procedures to all our stakeholders including both domestic and foreign. Furthermore, on-going education about the product is also being done to make sure investors can benefit from the new agricultural futures," added Sathit.
TFEX, in collaboration with Thailand Securities Institute (TSI) will help support AFET's staff in terms of funding for various seminars so that they can gain the qualification needed by the Securities and Exchange Commission (SEC). For entrepreneurs and investors, TFEX will provide education on agricultural derivatives trading, covering contract specifications and trading strategies through seminars in Bangkok metropolitan area and major cities nationwide, as well as organizing outbound roadshows. The remarkable progress of the TFEX-AFET merger has been made possible by the collaboration of TFEX, AFET, the SEC, The Office of the Agricultural Futures Trading Commission (AFTC), The Ministry of Commerce and The Ministry of Finance, to enhance efficiency, minimize transaction cost and contribute more trading liquidity to agricultural futures, as well as provide benefits to investors as a one-stop trading market for all futures products.
For more information, please contact www.TFEX.co.th , or call S-E-T Contact Center: 0 2229 2222 .