Published On: Wed, Jul 9th, 2014

TFEX’s Derivatives Volume Leaps 38 pct In H1 2014

Kesara Manchusree, President, SET

Kesara Manchusree, President, SET

Thailand Futures Exchange PCL (TFEX), under the Stock Exchange of Thailand group, revealed that its first-half derivatives trading volume increased 38 percent to 93,834 contracts per day from a year earlier, underpinned by newly launched mini SET50 futures and stock futures, reinforcing TFEX’s commitment to boost liquidity and develop new products to the Thai capital market.

For the second half, TFEX will continue to promote products, especially options, expand quality investor base, and will add physical gold exchange service for gold futures investors.

TFEX Managing Director and SET President Kesara Manchusree said that stock futures was the most actively traded product for TFEX, while the product was ranked the seventh highest in the world in stock futures trading volume. Its first-half total trading volume reached 5.88 million contracts, or an average of 48,580 contracts per day, up 41 percent from 34,351 contracts. The top five most actively traded derivatives were Bangkok Land pcl (BLAND) , True Corporation pcl (TRUE), Jasmine International pcl (JAS), Krung Thai Bank pcl (KTB), and Italian-Thai Development pcl (ITD), while the top three highest stock futures trading among brokers were KGI Securities (Thailand) pcl, Phatra Securities pcl, and RHB OSK Securities (Thailand) pcl.

Meanwhile, SET50 futures’ trading volume totalled 38,153 contracts per day on average, jumping 64 percent from a year earlier, due mainly to the recent adjustment of its size, making the product one fifth smaller than its original size (mini SET50 futures). As such investors have more flexibility to trade and manage their portfolios suitably with more liquidity, especially investors holding small- and medium-sized portfolio, as well as new investors. It was also phenomenal that more new 3,500 investors crowded in this appealing mini SET50. Retail investors were major players for this product (52 percent), the rest being domestic institutional investors (29 percent) and foreign investors (19 percent). The top three brokers with highest SET 50 futures trading volume were KGI Securities (Thailand), Maybank Kim Eng Securities (Thailand) pcl, and Phillip Securities (Thailand) pcl.

During the second half of 2014, TFEX will focus more on the cooperation with market makers to enhance SET50 options trading volume, creating trading programs to facilitate investors in making investment decisions. TFEX will continue to present SET50 options to investors and enhance product understanding as options is considered as a significant investment tool for strategic investment planning.

In addition, TFEX will join hands with gold traders to facilitate physical gold exchange service for gold futures investors, aiming to boost liquidity and accessibility for all parties.

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