Thai Single Stock Futures Volumes Shine With Positive Q1 Performance

The Thailand’s Futures Exchange revealed that the average daily trading volume in the first quarter of this year jumped 75.98 percent from the previous year to 77,118 contracts. Most of the volume came from single stock futures where the average daily trading volume tripled its last year figures. TFEX will continue to provide workshops (TFEX Challenge Academy) and intensive training program (TFEX Open House) to meet all investors demand and further creating quality investors.

The benchmark Stock Index, SET50 is trading at 1,010.71.

TFEX Managing Director Kesara Manchusree said, “TFEX’s first-quarter performance was very impressive, with a total trading volume of 4,781,341 contracts, or 77,118 contracts per day. The most popular product was single stock futures (currently has 50 underlying stocks) where the average daily trading volume was at 41,626 contracts, trading volume was up threefold from last year at 8,849 contracts per day. We would attribute these consistent gains to the high Volatility in the stock market as stock futures give investors the ability to better manage risk and improve their overall gains. Moreover, recent adjustment of stock future’s position limits that changed from a single-level to a multi-level also increases the popularity of this product. We are continuing to see a dramatic increase in trading volume, indicating further adoption of single stock futures in Thailand.

The trading volume of SET50 Futures averaged 20,189 contracts per day, up 22.60 percent from last year, while gold futures’ average daily trading volume was at 13,692 contracts, down 7.91 percent from 2012.

TFEX endeavors to sustain long-term relationships with investors by proactively improving and customizing our education program to meet all investor’s needs. TFEX Challenge Academy was created to intensively train in derivatives, together with a trading simulation through Click2Win. Broker members have also joined hands as mentors to share their experience and offer advice on trading. The first class received a very good response and TFEX will offer this course again soon.” Kesara said.

On-going Education

To continually provide derivatives information for investors, TFEX will hold its “TFEX Open House: Intensive training for derivatives investors” every quarter. The first event will be held on April 27-28, 2013 at 10:00 a.m.-5:00 p.m. in meeting rooms 1 - 4 at Queen Sirikit National Convention Center. Finally, the exchange has launched TFEX Station, an online-learning center and information service, under the concept “Be easy, be happy, Study,” 24 hours a day for those interested in derivatives.