TFEX sees 69% volume increase in 2009

 TFEX expected the average volume to reach 10,900 in 2009, with the plans to introduce more products including the gold futures as well as develop existing products.

 Kesara Manchusree, TFEX 's managing director, said that the trading value had been in the satisfactory level, with daily average of Bt3.8 billion, up 32 per cent from Bt2.88 billion in 2007.

 "Global financial crisis has sparked the needs for futures as hedging tools. TFEX witnessed the highest daily trading volume on October 29, with the number of 21,474 contracts changed hands," she said.

 In the year, the number of trading accounts also rose 67 per cent on year to 15,893. About 57 per cent belongs to individual investors, 26.38 per cent institutional investors, and 17.05 per cent foreign investors. About 36 brokers are servicing the trading, from 25 a year earlier. TFEX is also in the process of admitting four new brokers.