Thailand Futures Exchange PCL (TFEX) will promote SET50 Index Futures to expand its investor base. In addition to holding programs to enhance knowledge of investors and provide trading strategies, there will be an end-of-the year promotion offering reduced fees for TFEX members from October 1-December 31, 2010.
“Even though SET50 Index Futures has been traded on TFEX for over four years, with satisfying trading volume, TFEX continues to stress enhancing investor understanding of this product, giving not only provide basic knowledge but teaching understanding of trading strategies to current and potential index users. We use a variety of methods, including inviting successful investors to share their viewpoints and experiences with other investors to learn about successful trading techniques,” revealed TFEX Managing Director Kesara Manchusree.
TFEX’s special promotion will feature reducing trading and clearing fees of SET50 Index Futures by 5%-50%, depending upon the monthly trading volume of each TFEX member (include volume traded by retail investors and proprietary trading). Also, the existing promotion of SET50 Index Options and single stock futures will be adjusted to add more interest.
“TFEX believes that the plans to promote trading activities, including the new method of providing knowledge and the fee reduction will truly benefit brokerage firms and investors, which will increase attractiveness of SET50 Index Futures. Currently, there is no restriction regarding brokerage commission. Therefore, clients can freely negotiate with brokerage firms on the commission fees,” added Ms. Kesara.