Thailand Futures Exchange Temporarily Halts Gold Futures Trading as the Yellow Metal Dives

With the sudden downfall in the price of Gold; the Thailand Futures Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, TFEX, has decided to suspend trading of all Gold and Silver Futures series for a certain period, from 9.45 a.m. of April 17, 2013 on wards.

TFEX will recommence the trading of all Gold and Silver Futures series from 10:15 a.m. The Pre-open session will start from 10:05 a.m. until 10:15 a.m.

(10 minutes before all Gold and Silver Futures resumption.).

In addition, the daily price limit of all Gold and Silver Futures series will be expanded to no more than +/- 20% of the latest settlement price. Therefore, today’s ceiling and floor prices of all Gold and Silver Futures series will be limited at no more than +/- 20%.

Thailand’s Gold derivatives are popular financial instruments among retail and institutional investors. According to figures released by the TFEX, in 2012 Local Institutional investors made up 50.67% of trade volumes and 46.12% of retail investors.

TFEX offers two Gold futures contract, the 10 Baht contract and the 50 Baht contract, both having a purity of 96.5%.

The Thai exchange has around 42 broker members and 7 Market Makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Read this Term for Gold futures including; Globlex Securities Co., Ltd., Trinity Securities Co., Ltd., Thanachart Securities PCL, Ausiris Futures Co.,Ltd. and MTS Gold Futures Co., Ltd, YLG Bullion & Futures Co., Ltd. and Hua Seng Heng Gold Futures Co., Ltd.

Gold suffered an 8% move in the international markets on the back of European debt issues.