Thailand has been developing its capital market after the Asian financial Crisis, ti has a mature equity and bond trading environment. The 540 listed companies have a market capitalisation of around $300 billion. Recent developments by the local futures Exchange has made room for new Baht VS USD contracts.
The Thailand Futures Exchange under The Stock Exchange of Thailand group, will launch USD futures on June 5, enabling Thai investors and business operators to manage Thai baht through the derivatives market, enhancing long-term benefits for the country and all players concerned.
TFEX and 31 member companies got approval last week from the Ministry of Finance to conduct currency-related transactions, and are ready to launch USD futures on June 5. This product will enhance trading opportunity and help managing foreign exchange rate risk, said TFEX Managing Director Kesara Manchusree.
“This is the first time that Thai nationality and residents are able to trade currency futures without FX underlying thanks to the approval of Finance Ministry, Bank of Thailand, and Securities and Exchange Commission.
It is also the opportunity for investors and business operators to use this financial tool to manage foreign exchanges more freely which will be useful in preparing the country for liberalization of the financial and real sectors,” Kesara said.
Initially, investors must be Thai nationality or resident in Thailand and the market has yet to open for non-residents. The trading hours will be the same as other key derivatives products, which are morning session (09:45 a.m.-12:30 p.m.) and afternoon session (2:30-4:55 p.m).
TFEX Gold is currently trading at Baht 23,564.
USD Futures have four maturities, which are three nearest consecutive months plus the next quarterly months. Given the June launch, the contract months will be June, July, August, and September. One USD Futures contract values USD 1,000.
The contract is cash-settled, so there is no physical USD dollar delivered on the expiration date. Investors who are Thai residents have to open trading account with those 31 brokers or use the existing TFEX trading account if they already have one. Initial margin is less than two percent of the contract value, or about THB 500 per contract.
The commission is about THB 11 per contract. For details, investors should contact TFEX full-member brokers.
India introduced currency futures in 2008, it has daily trade volume of around $8-10 billion.
Thailand has been developing its capital market after the Asian financial Crisis, ti has a mature equity and bond trading environment. The 540 listed companies have a market capitalisation of around $300 billion. Recent developments by the local futures Exchange has made room for new Baht VS USD contracts.
The Thailand Futures Exchange under The Stock Exchange of Thailand group, will launch USD futures on June 5, enabling Thai investors and business operators to manage Thai baht through the derivatives market, enhancing long-term benefits for the country and all players concerned.
TFEX and 31 member companies got approval last week from the Ministry of Finance to conduct currency-related transactions, and are ready to launch USD futures on June 5. This product will enhance trading opportunity and help managing foreign exchange rate risk, said TFEX Managing Director Kesara Manchusree.
“This is the first time that Thai nationality and residents are able to trade currency futures without FX underlying thanks to the approval of Finance Ministry, Bank of Thailand, and Securities and Exchange Commission.
It is also the opportunity for investors and business operators to use this financial tool to manage foreign exchanges more freely which will be useful in preparing the country for liberalization of the financial and real sectors,” Kesara said.
Initially, investors must be Thai nationality or resident in Thailand and the market has yet to open for non-residents. The trading hours will be the same as other key derivatives products, which are morning session (09:45 a.m.-12:30 p.m.) and afternoon session (2:30-4:55 p.m).
TFEX Gold is currently trading at Baht 23,564.
USD Futures have four maturities, which are three nearest consecutive months plus the next quarterly months. Given the June launch, the contract months will be June, July, August, and September. One USD Futures contract values USD 1,000.
The contract is cash-settled, so there is no physical USD dollar delivered on the expiration date. Investors who are Thai residents have to open trading account with those 31 brokers or use the existing TFEX trading account if they already have one. Initial margin is less than two percent of the contract value, or about THB 500 per contract.
The commission is about THB 11 per contract. For details, investors should contact TFEX full-member brokers.
India introduced currency futures in 2008, it has daily trade volume of around $8-10 billion.
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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