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Thailand Futures Exchange PCL (TFEX) - under the Stock Exchange of Thailand (SET) group, has planned to launch its first agricultural derivatives product ‘RSS3 Futures’, ribbed smoked rubber sheet futures, on February 15 2016, after the exchange had merged with The Agricultural Futures Exchange of Thailand (AFET), with an aim to internationalize agricultural futures trading in order to drive Thai economy. Furthermore, TFEX would also welcome two brokers from the Agricultural Futures Exchange of Thailand (AFET) to join TFEX.
SET President and TFEX Vice Chairman Kesara Manchusree, stated that since an integration with AFET, TFEX had been well-prepared in all aspects of operation to ensure smooth transition in a timely manner. TFEX would start trading its very first agricultural product, RSS3 Futures on February 15, 2016.
“The integration will enable investors to trade all types of derivatives in single accounts, and to effectively manage margin, as well as trading via all TFEX members. All these are for investors’ benefit and convenience. Since Q3/2015, TFEX has adjusted related regulations and systems, provided training for TFEX and AFET members, as well as organizing roadshows to enhance knowledge among investors and entrepreneurs in Thailand and overseas continuously,” added Kesara.
In addition, TFEX will welcome two new brokers from AFET, namely DS Futures Co., Ltd. and Infinity Wealth Futures Co., Ltd. to become TFEX members. During the initial period, RSS3 Futures will be traded on both exchanges to ensure a smooth transition from AFET to TFEX. Besides, all AFET employees who are willing to join TFEX will be transferred as TFEX’s employees. This significant merger aims to promote the advancement of Thailand’s agricultural sector and the country’s economy.
The contract specifications of RSS3 Futures to be traded on TFEX are similar to AFET’s. However, TFEX will make minor adjustments to cater to investors’ demands such as extending trading hours without a lunch break to align with international markets, setting a circuit breaker, increasing position limits, and enhancing alternatives for settlement to maximize investors’ benefits.
