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Derivatives trading jumps in H1

Thailand Futures Exchange (TFEX), under the Stock Exchange of Thailand Group, revealed that its first-half derivatives trading volume increased 38 per cent to 93,834 contracts per day from a year earlier, underpinned by newly launched mini SET50 futures and stock futures.

In the current second half of the year, TFEX says it will continue to promote products, especially options, to expand the quality investor base. It will also add a physical gold exchange service for gold futures investors.

TFEX managing director and SET president Kesara Manchusree said stock futures were the most actively traded product for TFEX, ranked seventh-highest in the world in stock futures trading volume. Its first-half total trading volume reached 5.88 million contracts, or an average of 48,580 contracts per day, up 41 per cent from 34,351 contracts. The top five most actively traded derivatives were Bangkok Land (BLAND), True Corporation (TRUE), Jasmine International (JAS), Krungthai Bank (KTB), and Italian-Thai Development (ITD). The three highest-trading stock futures brokers were KGI Securities (Thailand), Phatra Securities and RHB OSK Securities (Thailand).

Meanwhile, SET50 futures' trading volume totalled 38,153 contracts per day on average, jumping 64 per cent from a year earlier, mainly because of the recent adjustment of its size, making the product one-fifth smaller than originally (mini SET50 futures). As such investors have more flexibility to trade and manage their portfolios suitably with more liquidity, especially investors holding small and medium-sized portfolios, as well as new investors.

TFEX noted that 3,500 new investors crowded into this appealing mini SET50. Retail investors were major players for this product (52 per cent), the rest being domestic institutional investors (29 per cent) and foreign investors (19 per cent). The top three brokers with the highest SET 50 futures trading volume were KGI Securities (Thailand), Maybank Kim Eng Securities (Thailand), and Phillip Securities (Thailand).


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