TFEX relaxes onlinetrading regulations

Managing director Kesara Manchusree said the relaxed rules would take effect next Monday.

The maximum volume per order for online derivatives trading will be raised, she said.

From next Monday, the maximum contract per order for Stock Exchange of Thailand (SET) 50 Index futures will increase from 20 to 100 and those for SET 50 Index options and stock futures from 100 to 500.

Under the relaxed rules, bid or offerprice entry could be greater than 5 per cent of the last execution price for SET 50 Index futures, singlestock futures and gold futures and exceed 5 per cent of the previous closing price of the SET 50 Index options. However, investors must confirm they are ordering at those prices, she said.

Moreover, the TFEX will expand best bid and offer from level 3 to level 5.

"The new trading regulations will help investors trade more conveniently, particularly amid the present wild swings of the market. Investors can benefit from the data by analysing market conditions and trade at the best price they can. The TFEX is confident the new rules will greatly benefit investors and all related parties," said Kesara.