Thai Futures Exchange To Trade 10 Baht Gold Futures On August 2

Thailand Futures Exchange PCL (TFEX) will trade 10 baht gold futures on August 2. Also, it will join with the Futures Industry Club (FI Club) to hold the Gold Futures Roadshow in the second half this year, to help gold shop staff, investors, and the general public understand more about gold futures and trading mechanisms. The roadshow will promote gold futures and expand the investor base for this promising product.

“All TFEX members have agreed to start trading 10 baht gold futures on August 2, 2010. All personnel, operations and marketing plans are prepared and are ready to go. As gold prices have been fluctuating, investors are interested to use gold futures to manage risks and maximize profits. The 10 baht gold future is flexible and able to meet both objectives,” revealed TFEX Managing Director Kesara Manchusree.

The Gold Futures Roadshow will include training and seminars on gold futures, trading advice from brokerage firms, and other interesting activities. The roadshow will go to major cities in each region, i.e., Songkla, Nakhon Ratchasima, Chiang Mai, and Chonburi and will later go to other provinces.