Brent Crude Oil is one of the world major�s benchmark and is the biggest of the many major classifications of crude oil consisting of Brent Crude, Brent Sweet Light Crude, Oseberg, Ekofisk, and Forties (BFOE). Brent Crude is sourced from the North Sea and is typically refined in Northwest Europe, but a major portion has been exported to the US Gulf and East Coasts, and also to parts of Mediterranean. Investing in Brent Crude Oil Futures will allow you to gain exposure to these benchmark. Brent Crude Oil Futures was launched on October 17th, 2011.
Summary of Brent Crude Oil Futures Contract Specification
Brent Crude Oil
3 consecutive months
Price will be quoted in Baht per 1 barrel
Minimum Price Fluctuations
THB 1 (THB 100 per contract)
Initial price limit is +10% from the latest settlement price.
Should traded price reach the limit, trading will be halted for a certain period
announced by TFEX. After trading resumes, the price +20% of the latest settlement price.
09:15 - 09:45 hrs.
09:45 - 12:30 hrs.
13:45 - 14:15 hrs.
14:15 - 16:55 hrs
19:15 - 19:30 hrs.
19:30 - 22:30 hrs.
Speculative Position Limit
Exchange may announce the position limit as it deems appropriate.
Last Trading Day
The last business day of the delivery or the settlement month, whereby the trading session on the last trading day of the contract then due shall end at 16:30 hrs.
Final Settlement Price
Using two decimal points and calculating from the ICE Brent Index publicized by Intercontinental Exchange based on the index value announced on the last trading day and the exchange rate of THB/USD announced by TFEX.
THB 15 plus the licensing fee per contract per side
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