The Bangkok-based Thai Bourse, including the SET and TFEX, have reported January 2014 trading metrics, with mixed results as an increase across various Securities trading segments parallel a drop on the derivatives side.
The Bangkok headquartered Stock Exchange of Thailand (SET) has reported metrics for January 2014, including across the Thailand Futures Exchange (TFEX), where mixed results saw an increase on the SET, with volumes on the TFEX dipping at the start of January.
Among the TFEX results, USD Futures traded on the Thai derivatives bourse had their average daily trading volumes (ADV) decrease by 766 contracts over January 2013, ADV of 1,348. This represented a year-over-year (YoY) drop of 56.8% to 582 contracts for January, or 17.5% lower when compared to December totals of 706, from a MoM comparison.
The Thai Bourse Market report for January included highlights reflecting ADV up 11% month-over-month (MoM) to $983 million, on the SET.
Market cap on the SET stood at $350 billion, down 4.05 % from end of 2013, and derivatives trading on TFEX was down 5.2 % MoM at 53,692 contracts per day. The total contracts traded across TFEX's product line, as can be seen in the chart below, had fallen 13,080 in January from 66,772 the same time last year, a decrease of 19.58% YoY, however, since 2006 the combined ADV across these TFEX traded derivatives have been on the rise from a yearly totals perspective.
From a MoM look, the totals on TFEX were also down by 5.2%, a less moderate drop of 2,950 contracts over its December 2013 combined average daily volume of 56,642.
The official press release described the 1.9% drop in the SET index in January, when compared to its 2013 year- end, as being in line with other key global markets, dampened by the weakness of China and U.S. economic outlooks, the U.S. Federal Reserve Bank's quantitative easing, and uncertainties of economic stability among emerging markets.
Foreign investors have been selling Thai shares for the past three consecutive months, selling a net $415 million in January, as per the announcement, with a downward trend similar to the stock markets in the Philippines and South Korea.
Nearly 40% of the exchange volumes comes from the top 5 members by market share of volumes, as can be seen in the graph below.
Combined average daily trading value of SET and Market for Alternative Investment (MAI) was at THB 31.76 billion (approx. USD 983 million), or up 11% from a month ago and down 45.2% YoY, while daily trading volume of derivatives dropped 5.2% from December 2013 to 53,692 contracts per day.
For precious metals, LBMA Gold A.M. and Silver Fixing for the end of January 2014 were at $1,246.50 and $19.31, respectively. The Brent Index was at $108.15 and the USD/THB exchange rate hovered around 32.9950. The average daily trading value for SET was 31,078 million baht, a decrease of 11.87% from the previous month.
TFEX also provided the following chart, to the left, in its monthly update, showing Gold Futures volume and open interest for last month, both which had risen steadily.
The Bangkok headquartered Stock Exchange of Thailand (SET) has reported metrics for January 2014, including across the Thailand Futures Exchange (TFEX), where mixed results saw an increase on the SET, with volumes on the TFEX dipping at the start of January.
Among the TFEX results, USD Futures traded on the Thai derivatives bourse had their average daily trading volumes (ADV) decrease by 766 contracts over January 2013, ADV of 1,348. This represented a year-over-year (YoY) drop of 56.8% to 582 contracts for January, or 17.5% lower when compared to December totals of 706, from a MoM comparison.
The Thai Bourse Market report for January included highlights reflecting ADV up 11% month-over-month (MoM) to $983 million, on the SET.
Market cap on the SET stood at $350 billion, down 4.05 % from end of 2013, and derivatives trading on TFEX was down 5.2 % MoM at 53,692 contracts per day. The total contracts traded across TFEX's product line, as can be seen in the chart below, had fallen 13,080 in January from 66,772 the same time last year, a decrease of 19.58% YoY, however, since 2006 the combined ADV across these TFEX traded derivatives have been on the rise from a yearly totals perspective.
From a MoM look, the totals on TFEX were also down by 5.2%, a less moderate drop of 2,950 contracts over its December 2013 combined average daily volume of 56,642.
The official press release described the 1.9% drop in the SET index in January, when compared to its 2013 year- end, as being in line with other key global markets, dampened by the weakness of China and U.S. economic outlooks, the U.S. Federal Reserve Bank's quantitative easing, and uncertainties of economic stability among emerging markets.
Foreign investors have been selling Thai shares for the past three consecutive months, selling a net $415 million in January, as per the announcement, with a downward trend similar to the stock markets in the Philippines and South Korea.
Nearly 40% of the exchange volumes comes from the top 5 members by market share of volumes, as can be seen in the graph below.
Combined average daily trading value of SET and Market for Alternative Investment (MAI) was at THB 31.76 billion (approx. USD 983 million), or up 11% from a month ago and down 45.2% YoY, while daily trading volume of derivatives dropped 5.2% from December 2013 to 53,692 contracts per day.
For precious metals, LBMA Gold A.M. and Silver Fixing for the end of January 2014 were at $1,246.50 and $19.31, respectively. The Brent Index was at $108.15 and the USD/THB exchange rate hovered around 32.9950. The average daily trading value for SET was 31,078 million baht, a decrease of 11.87% from the previous month.
TFEX also provided the following chart, to the left, in its monthly update, showing Gold Futures volume and open interest for last month, both which had risen steadily.
Devexperts Teams Up with nuam Exchange to Boost Equity and Derivatives Trading
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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
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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.
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#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
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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?
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20-22 MAY 2024
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#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.
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#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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