The Thailand Futures Exchange plc (TFEX), a subsidiary of The Stock Exchange of Thailand (SET), announces the increase of margin rates on gold futures, effective from September 5, 2011, to cope with continued high market volatility.
“Gold prices have largely fluctuated during last week, resulting in the rise in margin rates. This increase is also in line with those of other overseas clearing houses. TFEX and Thailand’s clearing house will closely monitor the gold prices movement and adjust margin rates accordingly. As for investors, it is important to keep an eye on the gold market situation and should plan for extra reserve cash in case it is needed,” said TFEX Managing Director Kesara Manchusree.
After the revision, the new margins rates of retail clients for 50-Baht gold futures will be THB 74,100 per contract, from THB 62,700, and 10-Baht gold futures’ margin rates will be increased to THB 14,820 per contract, from THB 12,540.