Bangkok--1 Jun--SET
Thailand Futures Exchange PCL (TFEX) will introduce 11 futures based on stocks selected for their large volume and high liquidity from the SET50 Index, starting June 22. TFEX will also start a major marketing promotion and relax Internet trading rules.
“These new futures will be from diversified sectors -- banking, construction materials, energy and utilities, property development, and transportation and logistics — giving investors new and effective tools with which to manage portfolio,” said TFEX Managing Director Kesara Manchusree.
The underlying stocks are those of Banpu PCL (BANPU), Bank of Ayudhya PCL (BAY), Bangkok Bank PCL (BBL), Italian-Thai Development PCL (ITD), Kasikornbank PCL (KBANK), Krung Thai Bank PCL (KTB), Land and Houses PCL (LH), Quality Houses PCL (QH), The Siam Commercial Bank PCL (SCB), The Siam Cement PCL (SCC), and Thoresen Thai Agencies PCL (TTA). These new entrants, combined with the existing three underlying stocks [Advanced Info Service PCL (ADVANC), PTT PCL (PTT), and PTT Exploration and Production PCL (PTTEP)], will bring the number of stock futures listings to 14.
To promote stock futures trading, TFEX will reduce trading and clearing fees for stock futures to 50% for investors who trade during June 22, 2009-the end of 2010. TFEX will also promote stock futures knowledge by organizing a regular monthly seminars and a simulation game “TFEX Click2Win 2009,” which will be a great opportunity for those interested to learn how to trade and to test their skills on futures and options trading. There will be a trial period in July, before a real competition begins in September-October, 2009.
“To facilitate investors and reduce limitations of Internet trading, TFEX will amend rules to allow investors to be able to submit combination order through the Internet by themselves. The combination order is the simultaneous purchase and sale of two futures contracts with the same underlying but with different contract months. It can help investors easily make profits from futures’ price difference (spread trading),” added Ms. Kesara.
For more information, please visit www.tfex.co.th or S-E-T Call Center 0 2229 2222
For more information, please contact S-E-T Call Center 0 2229 2222
Press office, please contact Public Relations Unit, the Corporate Communications Dept.:Ladawan Kantawong Tel: 0-2229-2036 / Kanokwan Khemmalai Tel: 0-2229-2048 / Panitee Chatpolarak Tel: 0-2229-2792