TFEX awards full membership to new broker

Classic Gold Futures Co Ltd (CGF), a precious metal-related member, has won the full membership status from Thailand Futures Exchange. The status allows the broker to trade all types of derivatives products on TFEX, effective from March 13.

TFEX’s Managing Director, Kesara Manchusree, said that CGF is expanding its derivatives trading service to trade all derivative products in order to serve the customers. CGF has completely implemented system test, including in human resource preparedness, risk management, and trade services, to ensure that it can provide full services to investors. For USD futures trade, CGF is waiting for getting license to trade the currency futures from Ministry of Finance.

Currently, six precious metal-related members have become a full member trading all types of derivatives products. TFEX has in total 41 members.