TFEX wants to lift investor numbers

The Thailand Futures Exchange wants to increase its investor base, its managing director Kesara Manchusree said last week.

In 2012, trading on the TFEX averaged 43,823 contracts per day, up 6.5 per cent from 41,145 in 2011.

Total turnover was 10.46 million contracts, of which 37.6 per cent was for SET 50 Futures, 33.9 per cent for Gold Futures, 20.2 per cent for Single Stock Futures and 6.3 per cent for USD Futures.

The average trading value per day was Bt22.07 billion. The most active contract was Stock Futures, which surged 36.8 per cent to 8,849 from 6,468 in the previous year, thanks to the growth of the SET.

Stock Futures contracts outstanding as of Thursday were 161,970.

The TFEX has already improved its products to meet investor demand. It has increased short-term contracts in the SET 50 Futures by two. It has cut the exchange fee to Bt10 per contract from Bt50 but only for contracts that mature in January (S50F13), February (S50G13), April (S50J13) and May (S50K13).

It has also improved the SET 50 Options contracts to make them less complicated by increasing the number of monthly contracts and expanding the gap in the exercise price from 10 points to 25 points.

The TFEX has already launched a new product - USD Futures - to help investors hedge against volatile foreign exchange rates. The daily trading volume was 2,751 contracts.

It has also introduced Sector Futures referring to the index in Bank Futures, ICT Futures, Energy Futures, Food Futures and Comm Futures. Trading is still slow as it was just launched in October.

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Article source: http://www.thethailandlinks.com/2012/12/31/tfex-wants-to-lift-investor-numbers/