Futures trade hits new high
The Thailand Futures Exchange (TFEX) reported yesterday that retail investors' share of its Stock Exchange of Thailand (SET) 50 Index Futures had increased to 53 per cent as of last week, from 36 per cent in its first week of trading two months ago.
The TFEX reported that 10,824 contracts changed hands in the past two months. Managing director Kesara Manchusree said that last Friday was a daily record, with 1,425 SET 50 Index Futures traded since the derivatives bourse started on April 28. Over the past two months, the bourse recorded an average of 301 contracts traded per day. The 10,824 contract trades were worth a total Bt5.26 billion. There are currently 1,901 unpaid contracts. "Investors' behaviour in the derivatives market has reflected that they have greater knowledge and understanding. They usually trade 'S50M06', the contract with the shortest maturity and which will be traded to June 29," Kesara said in a prepared statement. "Now, investors have turned to trading contracts that will be due in the next quarter, the 'S50U06', which now has higher trading volume."
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