TFEX News 2/2024
January 16, 2024
TFEX reports trading of 129 million contracts in 2023, and aims to extend
trading hours and introduce new products in 2024
BANGKOK, January 16, 2024 - 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 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.
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