Thai Futures Exchange launches 2012 investor expansion plan

Thai Futures Exchange launches 2012 investor expansion plan


The Thailand Futures Exchange plc (TFEX), under The Stock Exchange of Thailand (SET) group, gears up its 2012 plan to grow trading volume and expand investor base. The plan includes the launch of new product, US dollar futures, and extensive educational and marketing programs for investors starting this year with the promotion “Gold rewards to celebrate Golden Dragon Year”.

TFEX together with derivative brokers and alliances will promote the market and expand the investor base by emphasizing on building product knowledge and trading strategy expertise for investors and other interested persons. In addition, TFEX will focus on boosting trading liquidity, and developing new products to cover the entire investment spectrum, said TFEX Managing Director Kesara Manchusree.

“To enhance product liquidity, TFEX will support broker members seeking to become market makers for newly-launched silver and oil futures. For new products, we will launch US dollar futures as a financial tool for investors and entrepreneurs to manage the currency risk of U.S. dollars and Thai baht more efficiently. The US dollars futures will complement TFEX’s existing commodities futures products, such as gold, oil and silver futures, as it will help investors who trade these futures to manage their US Dollar exposures,” Kesara added. 

To boost trading volume in retail investors, TFEX will hold “Gold rewards to celebrate Golden Dragon Year” campaign from now to September 30 and award prizes each quarter, one for investor who has the highest trading volume and 20 prizes awarded to randomly selected investors who traded in TFEX. The reward over the whole campaign will have a combined 120-baht weight of gold (about 1.8 kilograms) worth around THB 3 million. TFEX will also join with derivatives brokers and partners to hold seminars and activities in Bangkok and other major provinces throughout the year.