Bangkok--24 Sep--SET
Thailand Futures Exchange PCL (TFEX) today announced that TFEX has been selected "Best Technology Innovation by an exchange" for outstanding trading system innovation, at the 2015 Futures and Options World (FOW) Awards for Asia event last night in Singapore.
TFEX Managing Director Rinjai Chakornpipat said that since 2014 TFEX has implemented a new derivatives trading platform with a state of art technology from Cinnober, a Swedish leading technology vendor, to enhance our market and deliver better value to our stakeholders. The new trading platform allows for low latency execution, facilitating multi-asset class of underlying, providing shorter time to market for introducing new products and supporting growing business volume. In the same time, the clearing house has adopted a new clearing platform, developed by Korea Exchange, to enhance its operational efficiency, facilitate multi-market and multi-currency products as well as increase risk management capacity.
"It is a great honor to receive this award as this has truly reflected our effort and determination to provide world-class services to our stakeholders." stated Rinjai.
TFEX is a subsidiary of the Stock Exchange of Thailand (SET) and is licensed to operate as derivatives exchange in Thailand. TFEX offers broadest span of derivative products and its key products include SET50 Futures, Single Stock futures and Gold Futures. In addition, after the completion of merger with Agriculture Futures Exchange of Thailand, TFEX will start offering agricultural futures, starting with RSS3 Futures. All trades in TFEX are cleared and guaranteed by its sister company, Thailand Clearing House (TCH). TCH is the Central Counterparty Clearing House (CCP) providing clearing and settlement for equity and derivatives in Thailand.