TFEX News 6/2020
November 25, 2020
TFEX to launch Japanese Rubber Futures on November 30
BANGKOK, November 25, 2020 - Thailand Futures Exchange (TFEX) will launch
Japanese Rubber Futures, a cash settled contract that is based on the price of
Rubber Futures contract traded in Osaka Exchange (OSE), on November 30, 2020.
TFEX Managing Director Rinjai Chakornpipat said TFEX has collaborated with Osaka
Exchange (OSE) in developing the new Japanese Rubber Futures (JRF), linked with
Natural Ribbed Smoke Sheet No. 3 (RSS3) Futures contract traded in Osaka
(previously called TOCOM rubber futures). JRF will be quoted in Japanese yen
per kilogram but will be cash settled in Thai baht with the multiplier of 300.
Compared to OSE's rubber, JRF will have a smaller contract size, roughly around
1/5 of those of OSE. JRF will be traded continuously on TFEX from 9.15-16.55
hrs. with no lunch break.
As Thailand is the world's top RSS3 exporter, there is a need in hedging rubber
price movement, especially during the period of high volatility like this year.
JRF is expected to serve as an alternative hedging and trading tools for market
participants, especially those who are familiar with Japanese Rubber price.
Local players will find it easy to trade as they can follow their familiar
rubber prices but without foreign currency risk, added Rinjai.
For more information, please visit www.TFEX.co.th, or call (66) 0 2009 9999.
This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand and Thailand Futures Exchange Pcl. have no responsibility for the accuracy and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.
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