The Chairman of TFEX, Mr. Vijit Supinit, revealed that TFEX will be ready for trading in 2005, and will offer “index futures” as its first product. This instrument will provide a risk management tool as well as an investment alternative for both local and overseas investors. The inauguration of TFEX will be a stepping-stone for the Thai capital market in pursuit of its goal to increase its competitiveness in the international arena.
“TFEX is currently focusing on assuring that all related parties will be ready for its market inauguration. Its systems (trading, surveillance, clearing and settlement, and member-related systems) have all been designed to act as an efficient and reliable trading infrastructure in line with international standards. This is to encourage the trust of both local and overseas investors seeking to invest.
“To successfully develop the derivatives market, education will be the key factor to its success since derivatives are new and complicated. Therefore, continuous education will be essential. The “TFEX Academy…A First Step to Your Futures Investment Program” has thus been designed to lay down a foundation to create an appropriate and sufficient understanding of derivatives for all target groups until the market is officially open for trading,” Mr. Vijit said.
The TFEX’s Managing Director, Mrs. Kesara Manchisree, said that the TFEX Academy will offer not only the theories, but also focus on real practices. The distinguished speakers for the courses will be both local and overseas experts in the fields. Therefore she strongly believes the educational programs will be a great success in making all related parties ready. Today’s course is on “Index Futures: A Smart Tool for Smart Investing”, conducted by Prof. Dr. Anya Khanthavit from the Faculty of Commerce and Accountancy, Thammasat University. His lecture received an overwhelming response from all parties and investors. It also set a good example for more progress in the market, along with generating quality participants in the future.
“More than 10 courses will be offered by the TFEX Academy from now until the market’s inauguration. Courses will be open every month for a wide number of target audiences. For example, for brokerage firms, there will be a specific course for their executives focusing on business opportunities, strategies, and investment techniques. There will be another course for their marketing representatives, focusing on their development to become licensed representatives. Yet another course, for back office staff, will focus on providing hands-on experience for the industry’s operators to help them adapt useful skills to their own work.
For the investors, a course has been designed with an emphasis on investment techniques and strategies as well as on how to use derivatives as an effective risk management tool. For the more general investors, who are not familiar with derivatives, there is a course aimed at using easy-to-understand communications. This course, entitled “The First Step with Derivatives”, is to commence September 22, 2004. Moreover, TFEX will proactively work to reach investors in the brokers’ trading rooms as well as meeting with both domestic and overseas institutional investors.
In addition to the Academy’s extensive and continuous educational scheme, TFEX Academy will be producing media to fill any gaps in the market. Printed as well as electronic content, e.g., e-learning or web-based tools, will be specifically designed to serve all audiences from elementary to advanced readers for more effective results,” Mrs. Kesara said. Thailand Futures Exchange Pcl. is a SET subsidiary established on May 17, 2004, to act as Thailand’s futures exchange. It has the Thailand Clearing House Co., Ltd., a subsidiary of Thailand Securities Depository Co., Ltd. (TSD), as its central clearinghouse.
For seminar registration or additional information about ‘TFEX Academy...A First Step to Your Futures Investment Program’, please call 0 2229 2645-6 or browse TFEX’s website, www.tfex.co.th, or the SET’s website, www.set.or.th
