Thai Bourse Licenses Classic Gold Futures Co.,Ltd. As Gold Broker

The Thailand Futures Exchange (TFEX) has confirmed Classic Gold Futures Co., Ltd. as its sixth official gold broker. The firm will commence trading on January 10.

Classic Gold Futures has met all requirements of TFEX, Thailand Clearing House Co., Ltd., and the Securities and Exchange Commission, TFEX Managing Director Kesara Manchusree reported.

Classic Gold Futures Co., Ltd. is a subsidiary of Classic Gold Co., Ltd., which is more commonly known as Chiab Seng Heng. The parent company, which has been operating for more than 25 years, is recognized as a leading importer-exporter of bullion, gold ornaments and other jewelry.

“Since its conception, gold futures have been well-received by investors, and TFEX has thus continued to expand the investor base for this instrument. Classic Gold Futures Co., Ltd., as a new member of TFEX, will help develop the country’s gold futures trade and make it another successful product in the market”, said Ms.Kesara.