“TFEX is encouraging gold shops to join the gold futures business by becoming TFEX members. The long duration for accepting applications will allow gold shops to have sufficient time to prepare,” TFEX Managing Director and The Stock Exchange of Thailand (SET) Group Head, Markets Kesara Manchusree said.
An applicant must be a newly-established company, and at least 50% of its shares must be held by one or more gold shops having at least three years’ experience in the gold business. Applicants must first obtain permission to operate in gold futures from the Securities Exchange Commission (SEC), then apply to TFEX and Thailand Clearing House Co., Ltd. (TCH) for membership.
In processing the current set of applicants, TFEX will use the same standards and membership rates applied for previous members. Applicants who pass the basic standards required will have to apply for testing on trading and clearing with TFEX and TCH. If applicants can complete all documentation and meet all basic standards required within Q2/2010, they should be able to trade gold futures business within this year.
For more information about the TFEX member application process, please visit www.tfex.co.th or call 0 2229 2757.
For more information, please contact S-E-T Call Center 0 2229 2222
Press office, please contact Public Relations Unit, the Corporate Communications Dept.: Ladawan Kantawong Tel: 0-2229-2036 / Kanokwan Khemmalai Tel: 0-2229-2048 / Panitee Chatpolarak Tel: 0-2229-2792