Thai Futures Exchange Appoints Two Market Makers For Gold Futures

The Thailand Futures Exchange (TFEX) has appointed YLG Bullion & Futures Co., Ltd. and Hua Seng Heng Gold Futures Co., Ltd. as new market makers for gold futures, starting February 1, 2011.

These two companies will join five existing market makers: Globlex Securities Co., Ltd., Trinity Securities Co., Ltd., Thanachart Securities PCL, Ausiris Futures Co.,Ltd. and MTS Gold Futures Co., Ltd.

“Having YLG Bullion & Futures Co., Ltd. and Hua Seng Heng Gold Futures Co., Ltd. as market makers for gold futures will help increase liquidity of gold futures on TFEX, because both companies are highly specialized and experienced in gold trade and gold futures.  TFEX is confident that a higher number of market makers will benefit trade as a whole and help assure investors that they will always be able to execute trade orders at their convenience”, said TFEX Managing Director  Kesara Manchusree.

YLG Bullion & Futures Co., Ltd. is an affiliate of YLG Group and YLG Bullion International Co., Ltd., one of Thailand’s leading importers and exporters of bullion with more than 20 years of experience in the business. YLG Bullion & Futures Co., Ltd. has been licensed as a TFEX member and gold-related agent since March 2009.  For more information, please visit http://www.ylgbullion.com

Hua Seng Heng Gold Futures Co., Ltd.’s major shareholders are companies in the Hua Seng Heng group, which has more than 50 years of expertise in gold trade in Thailand. Hua Seng Heng Gold Futures Co., Ltd. has been a TFEX gold-related agent since March 2009.  More information is available http://www.hshfutures.com