Thailand Futures Exchange PCL (TFEX), under the Stock Exchange of Thailand group, has received an approval from the Securities and Exchange Commission, allowing the exchange to remove silver futures from its trading board, effective from the night session of July 31, 2014. Trading of silver futures will remain operating until the end of afternoon session of that date.
Silver futures is a derivatives contract tracking London silver fixing. It will be terminated after London Silver Market Fixing Limited announced to cease to administer London silver fixing and a daily silver fixing price. As such, the termination will impact directly on silver futures trading on TFEX and calculating the final settlement price of the futures based on the London Silver Fixing.
