Thailand, one of Asia's fastest growing nations has announced plans to introduce currency futures on the local futures bourse.
With the fluctuating Exchange rate affecting the Thai economy in both the real and the financial sector, dollar futures will served as a hedging tool against foreign-exchange (FX) risk. This tool stands to benefit not only exporters and importers but also investors who want to diversify their portfolios in foreign assets.
Dollar futures is a contract to exchange dollars for Baht at a specified future date and at a rate fixed on day of purchase. Each contract has a value of US$1,000, which is considered a small contract for an exporter or importer seeking to hedge risk.
Initially, the maximum position for each client will be $5 million, or 5,000 contracts. Dollar future contracts offer four different lengths of maturity: the three nearest consecutive months and the next quarterly month.
The price is quoted in terms of Baht per one US dollar, with minimum price movement at Bt0.01 (Bt10 per contract). The contract is cash-settled, which means no physical dollars are delivered on the expiration date. Moreover, investors receive or have to pay (depending on gain or loss) in cash. On the last trading day, expiring contracts will be settled at 11am. The final settlement price is based on the US$/Bt rate recorded by Thomson Reuters at 11am. The rate is derived from the best bid and offer quoted by about 20 Thai and foreign contributing banks.
The Thai baht is currently trading at 30.790 agaisnt the greenback
Thailand has been slow to embrace spot FX trading as there are local restrictions in sending funds outside the country.
The local interbank market was lifted when Thomson Reuters offered the baht onshore as a Forward on the Thomson Reuters matching platform.
TFEX presently offers Equities products comprising SET50 Index futures/Options and single stock futures, as well as commodities products including futures in gold, silver and oil, and the interest rate products THBFIX/BIBOR/five-year govt bond futures.
Thailand, one of Asia's fastest growing nations has announced plans to introduce currency futures on the local futures bourse.
With the fluctuating Exchange rate affecting the Thai economy in both the real and the financial sector, dollar futures will served as a hedging tool against foreign-exchange (FX) risk. This tool stands to benefit not only exporters and importers but also investors who want to diversify their portfolios in foreign assets.
Dollar futures is a contract to exchange dollars for Baht at a specified future date and at a rate fixed on day of purchase. Each contract has a value of US$1,000, which is considered a small contract for an exporter or importer seeking to hedge risk.
Initially, the maximum position for each client will be $5 million, or 5,000 contracts. Dollar future contracts offer four different lengths of maturity: the three nearest consecutive months and the next quarterly month.
The price is quoted in terms of Baht per one US dollar, with minimum price movement at Bt0.01 (Bt10 per contract). The contract is cash-settled, which means no physical dollars are delivered on the expiration date. Moreover, investors receive or have to pay (depending on gain or loss) in cash. On the last trading day, expiring contracts will be settled at 11am. The final settlement price is based on the US$/Bt rate recorded by Thomson Reuters at 11am. The rate is derived from the best bid and offer quoted by about 20 Thai and foreign contributing banks.
The Thai baht is currently trading at 30.790 agaisnt the greenback
Thailand has been slow to embrace spot FX trading as there are local restrictions in sending funds outside the country.
The local interbank market was lifted when Thomson Reuters offered the baht onshore as a Forward on the Thomson Reuters matching platform.
TFEX presently offers Equities products comprising SET50 Index futures/Options and single stock futures, as well as commodities products including futures in gold, silver and oil, and the interest rate products THBFIX/BIBOR/five-year govt bond futures.
Relive the best moments from the Finance Magnates Pacific Summit 2024 with our highlights video! ✨
From action-packed moments, insightful speaker sessions, the exclusive Opening Blitz, and immersive workshops, this video captures the energy and excitement of FMPS:24. Whether you attended or missed out, here’s your chance to experience the top moments that made FMPS:24 unforgettable.
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Relive the best moments from the Finance Magnates Pacific Summit 2024 with our highlights video! ✨
From action-packed moments, insightful speaker sessions, the exclusive Opening Blitz, and immersive workshops, this video captures the energy and excitement of FMPS:24. Whether you attended or missed out, here’s your chance to experience the top moments that made FMPS:24 unforgettable.
🎬 Watch, share, and join the conversation!
Don’t forget to use the hashtags #fmps #fmps24 #FMevents when sharing.
Stay tuned for more events. See you next time!
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
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Transformation in the APAC Trading Landscape and Beyond | FMPS:24
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
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As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
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Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
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In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
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Ready to Scale? Regtech in Australia, A Global View | FMPS:24
Ready to Scale? Regtech in Australia, A Global View | FMPS:24
In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
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In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
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Resilience in Trading: From Third Class To World Class | FMPS:24
Resilience in Trading: From Third Class To World Class | FMPS:24
Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
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Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
📣 Stay updated with the latest in finance and trading!
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