Bangkok--8 Jul--SET
Thai bourse futures trades rise 62% year-on-year
Thailand Futures Exchange PCL (TFEX) revealed that its operating performance for H1/2009 was satisfying, with average trading volume of 10,678 contracts daily, an increase of 62.5% over the same period last year. TFEX is currently considering introducing interest rate-based futures.
“TFEX’s H1/2009 performance was satisfying, in both in terms of trading volume and number of investors. This resulted from the new products launched, new brokers accepted as members, and marketing activities, including investor education,” noted TFEX Managing Director Kesara Manchusree.
“TFEX’s H1/2009 trading turnover was at THB452,828 million (approx. USD13,318 million), or a daily average of THB3,886 million (approx. USD114 million). The number of derivatives trading accounts increased (as of June 30, 2009) to 22,659 accounts, or a year-on-year rise of 42.6%. For new products this year, TFEX launched gold futures in February, and introduced 11 more stock futures, which have shares of given firms as their underlying assets, in June. Even though both products are just beginning to trade, they both receive great attention from investors and have promising futures. In addition, TFEX will offer interest rate-based futures in mid-2010.
TFEX accepted five new gold related agents to support gold futures trading in H1/2009, giving investors more access to trading. Besides, TFEX has cooperated with the Bank of Thailand so that TFEX’s gold futures market makers are allowed to trade gold futures and gold ETF overseas, helping the market makers manage operation risks more efficiently. TFEX also supports having market makers in other products, particularly SET50 Options and stock futures, to increase product liquidity. TFEX is currently amending the operation rules and deciding on incentives.
The top five TFEX brokerage firms having the highest trading volume in H1/2009, accounted for 43.51% of total turnover, were Kim Eng Secutiries (Thailand) PCL at 11.02%, Phillip Securities (Thailand) PCL at 10.49%, KGI Securities (Thailand) PCL at 8.68%, Trinity Securities Co., Ltd., at 8.05%, and Phatra Securities PCL at 5.27%. Meanwhile, trading through internet accounted for 17.53%.
“For H2/2009, TFEX will emphasize promoting and educating about SET50 Options, mainly by supporting TFEX Simulation 2009: Click2WIN. This event will start in July, focusing on educating about stock futures to build investor confidence before actually trading on TFEX. If investors have a better understanding on the products, this will help increase attractiveness of the derivatives market and raise trading volume,” concluded Ms. Kesara.
For more information, please contact S-E-T Call Center at 0 2229 2222 or visit www.tfex.co.th.
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