TFEX reports trading of 129 million contracts in 2023, and aims to extend trading hours and introduce new products in 2024

Tuesday 16 January 2024 16:14

Thailand Futures Exchange PCL (TFEX) announces its trading volume in 2023 was a total of 129 million contracts or 534,898 contracts per day, down from the previous year's 565,627 contracts. This aligned with the overall lower trading activities in the stock market. The most active was equity derivatives, namely SET50 Futures, SET50 Options, and Stock Futures, dominating 83 percent of the overall trading volume. SET50 Options and SET50 Futures rose 14 percent and 13 percent, respectively, from the previous year while Stock Futures's trading activity declined. For precious metal and currency products, each held the same at 9 percent of total trading volume. Notably, currency products surged 11 percent due to currency fluctuations and the popularity in foreign exchange investment, with USD/JPY Futures registering a 62 percent increase from the previous year. The open interest totaled 2.68 million contracts, while the numbers of investors rose 10 percent to 318,860 trading accounts at end-December 2023.

TFEX reports trading of 129 million contracts in 2023, and aims to extend trading hours and introduce new products in 2024

TFEX Managing Director Rinjai Chakornpipat said that TFEX this year will focus on further developing products and services to meet evolving investor demand. Initiatives include extending trading hours of night session for Currency Futures until 3.00 hrs. of the next day, allowing trading in Precious Metal Futures during day session with no intermission, and advancing equity products with a 30-minute earlier afternoon session to be in line with the Stock Exchange of Thailand (SET)'s trading hour extension. TFEX also has plans to launch new currency products, together with revise features and regulations of options products. Moreover, TFEX will focus on investor education by developing content and communication channels tailored to various target groups.

For more information, please visit www.TFEX.co.th or call +66 (0) 2009 9999.

Source: The Stock Exchange of Thailand

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