SCB Securities (SCBS) has introduced the biggest TFEX promotion of the year to boost its market share in derivatives and futures trading. On offer are a Nissan March, gold bars, and other prizes worth a grand total of more than Bt1.6 million.
SCBS CEO ML Thongmakut Thongyai said that SCBS will expand derivatives and futures trading services in response to the growth in those markets. As the instruments are popular among investors as a tool for effective capital management, SCBS has come up with a "Top SCBS TFEX Volume 2010" campaign that will run between August 2 - December 30, 2010.
"The campaign offers big prizes to thank our clients, and it will spur trade volume for all types of futures, and promote SCBS derivatives and futures trading services. As of June 2010, SCBS market share stood at 1.53 per cent, so there is still more opportunity to tap the market. We expect that the campaign will receive a warm welcome from investors, and help double our market share to 3 per cent."
Under the "Top SCBS TFEX Volume 2010" campaign, investors will accumulate points when trading any type of futures on-line or via an SCBS marketing officer during the 5 month campaign period. Eligible points vary by type of future. For example, to earn 1 point an investor has to trade a SET50 Index Futures contract or 5 SET50 Index Options contracts. The investor who earns the most points over 15,000 points will receive the first prize, a Nissan March worth Bt460,000, with runners-up receiving prizes such as gold bars and gasoline vouchers.