21 October 2017
Find out more

Thailand Futures Exchange explores online derivatives trading

09 June 2006  |  1423 views  |  0 Source: Thailand Futures Exchange

Thailand Futures Exchange PCL (TFEX) members met on June 6 to discuss plans for business development, new products, and trading derivatives via the Internet.

TFEX also encouraged its brokers to be market makers, making the market more liquid. Also, TFEX and its members will hold investor promotional activities throughout 2006.

This meeting was the first since the market officially opened on April 28, 2006, said TFEX Managing Director Ms. Kesara Manchusree.

"TFEX and all our members are satisfied that trading is off to a good start. So far, total trading has amounted to 5,229 contracts, or 217 contracts a day, with an average value of THB 122.7 million. Therefore TFEX is confident that we will reach our target of 1,000 contracts daily within one year of operation, through the continuing efforts and dedication of TFEX and its members," she reported.

In this first phase, TFEX will emphasize on providing more facilities for investors, and will allow trading via the Internet by this August. TFEX will also encourage members to act as market makers, which will increase market liquidity. Meanwhile, TFEX and its members will host investor education and marketing activities both in Bangkok and other major cities.

"Interest rate futures and index options are in the pipeline. TFEX is learning from the over-25 years of experience of its foreign advisor in these two securities instruments and is confident in the feasibility of the products," Ms. Kesara concluded.

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.niceactimize.com

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8640 views comments | 21 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8590 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7684 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7141 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6752 views comments | 14 tweets | 23 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job