News Detail

Date/Time 04 Nov 2020 16:57
Subject TFEX News :TFEX launches Silver Online Futures on November 9
Product TFEX
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          TFEX News 5/2020
                                                                                
           November 4, 2020

TFEX launches Silver Online Futures on November 9

BANGKOK, November 4, 2020 - Thailand Futures Exchange (TFEX) will launch Silver 
Online Futures, a cash settled futures contract that tracks global silver price,
 starting from November 9, 2020.

TFEX Managing Director Rinjai Chakornpipat said Silver Online Futures is a cash 
settled contract based on 99.9% purity silver bullion. Similar to TFEX Gold
Online Futures, Silver Online Futures will be quoted in terms of US dollars per
troy ounce but settled in the local currency with a multiplier of 3,000. The
London Bullion Market Association or LBMA silver price will be used as a basis
for the final settlement price. To align with TFEX precious metal contracts'
trading hours, Silver Online Futures will be available for trading until 3.00
a.m. (Bangkok time) of the following day. At client level, the margin for Silver
Online Futures contract is expected to be around THB 10,675 per contract or
approximately 15% of the notional value of the contract.

"Silver price is quite volatile and it has rallied strongly this year, rising 
from March low to a seven year high in August due to the growth in both
investment and industrial demand. TFEX introduces Silver Online Futures to
capture the increasing popularity of silver trading and hedging. Silver Online
Futures also resembles the key features of TFEX Gold Online Futures, where there
 will be no exchange rate risk and will be settled in Thai baht," added Rinjai

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