Thai Futures Exchange Appoints Two New Market Makers
The Thailand Futures Exchange plc (TFEX), a subsidiary of The Stock Exchange of Thailand (SET), appoints KT Zmico Securities Co., Ltd. as market maker for gold futures and SET50 Options, and Classic Gold Futures
Co., Ltd. as a market maker for gold and silver futures, starting from September 1, 2011.
“The two new market makers will help boost liquidity of trading, especially for silver futures and SET50 Options. Meanwhile, TFEX will continue various marketing activities and seminars to enhance knowledge and confidence of investors,” said TFEX Managing Director Kesara Manchusree.
KT Zmico Securities is a partnership of Krung Thai Bank plc and Seamico Securities plc. Seamico has been a member of TFEX since 2006. The broker has expertise in financial and investment for more than 35 years.
Classic Gold Futures is a subsidiary of Classic Gold Co., Ltd., as also known as Chiab Seng Heng. It is recognized as a leading importer-exporter of bullion and wholesale dealer of gold ornaments and other jewelry, with more than 25 years of experience in the business. The company has been a TFEX gold brokers since January 10, 2011.