KGI set for Option
KGI Securities (Thailand) is ready to trade the Stock Exchange of Thailand (SET) 50 Index Option, a new derivatives product that will be available from October 29.
The company is preparing trading and marketing officers to facilitate transactions, said assistant managing director Thanawat Panichkasem. In accordance with the SET 50 Index Option contract conditions, KGI Securities plans to provide education about the new product through seminars for its marketing officers and customers. Thanawat said the availability of the SET 50 Index Option would help boost average daily trading transactions on the Thailand Futures Exchange (TFEX) this year to 4,000 contracts. Given the increasing popularity of derivatives products, better understanding by derivatives investors and high fluctuation in the stock market, KGI Securities estimates that trading on the TFEX will account for not less than 50 per cent of volume on the SET.
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