Bangkok--2 May--SET
Thailand Futures Exchange PCL (TFEX) makes its debut today, on the 31st anniversary of the birth of The Stock Exchange of Thailand (SET). The fourth decade of the Thai capital market reveals an integrated and diffuse market, with a variety of stock, bond and derivative products. Derivatives products are recognised as being useful risk management tools for institutions, retail investors and entrepreneurs, while providing long-term national economic support.
Finance Minister Dr. Thanong Bidaya presided over the inauguration ceremony of TFEX at the SET Building. He said that in this age of financial liberalization, Thailand is developing its capital markets to meet international standards.
“The derivatives market is a major contribution to this development, enhancing long-term stability and offering flexible funds management,” Dr. Thanong said.
Secretary-General of Securities and Exchange Commission (SEC) Mr. Thirachai Phuvanatnaranubala said with confidence: “The derivatives market will undergo continuous development. The SEC is happy to cooperate in this evolution, ensuring that TFEX becomes a key instrument in the growth of the Thai financial market.”
Mr. Sukri Kaocharern., founding President of SET, applauded the initiative, noting that the derivatives market has made the Thai capital market complete. “I believe that TFEX will boost the liquidity of securities, just as has occurred overseas,” he said.
Mr. Vijit Supinit, Chairman of TFEX, also emphasized the importance of the Exchange’s role in enhancing the stability of the Thai financial system.
SET commenced trading on April 30, 1975, and introduced a bond-trading service in 2004. The launch of derivatives trading today is its most recent advance, making this year a very special one indeed. 2006 is the year that the Thai market became truly integrated, a development that must drive the Thai capital market further.
The first product to be offered by TFEX is SET50 Index Futures, with four (4) contracts available today:
S50M06 expiring in June 2006;
S50U06 expiring in September 2006;
S50Z06 expiring in December 2006;
S50H07 expiring in March 2007.
Market movements of SET50 Index Futures are available from the usual sources of stock market information, such as TV tickers, business newspapers, and websites.
For more information, please visit www.tfex.co.th or contact TFEX brokers.
For more information, please contact the Corporate Communication Dept.:
Ladawan Kantawong Tel: 0-2229-2036 / Kulvida Jintakawong Tel: 0-2229-2037
Nattaporn Boonprapa Tel: 0-2229-2049 / Watsamon Saowakhonsathien Tel: 0-2229-2797