TFEX is a wholly owned subsidiary of The Stock Exchange of Thailand (SET) and is licensed to trade financial and commodities derivatives. As a new futures marketplace, TFEX will begin trading its first contract, the SET50 index futures, in Q4/2005, followed by interest-based products and stock options.
“The decision to adopt OMX’s system was a result of a detailed study of the suitability of the OMX system to support our market’s needs and the fact that it is in line with our strategic focus, which is to provide our customers with efficient, and easy to access, trading and hedging opportunities,” said Mr. Vijit Supinit, Chairman, TFEX.
TFEX managing director Mrs. Kesara Manchusree added that “We have strong confidence that OMX’s technology is the right solution because it has been proven to be highly efficient and reliable. It is already used in major exchanges around the world, including the leading Asian exchanges like in Singapore, Hong Kong and Korea.”
“It is an honor to be selected by the TFEX as technology partner for their forward-looking new trading and clearing platform. OMX’s extensive experience and know-how in setting up derivatives markets worldwide has proven key for being chosen for this contract,” said Mr. Klas Ståhl, President OMX Technology. “The agreement enhances OMX’s position as a leading marketplace technology provider in the Asia-Pacific – which is a region where we will continue to develop long-term customer relationships based on our ability to deliver lasting solutions, first-rate service and real economic results for our clients.”
