Thailand Futures Exchange adds 24 underlying stocks for Stock Futures

Thailand Futures Exchange PCL (TFEX) will introduce a new set of Stock Futures with the new 24 underlying stocks to further boost trading volume after its 2016 trading volume surged 72% from a year earlier. The new additions will be effective from January 16.

TFEX Managing Director Rinjai Chakornpipat said:

Inclusion of the 24 additional underlying stocks on top of the 69 currently available will bring the total underlying securities to 93, covering most stocks that investors are interested in.

In 2016, Stock Futures’ trading volume surged to 33.83 million contracts, an increase of 72% from previous year. At the end of 2016, the open interest rose to 1.59 million contracts, up 158% from end-2015. The top five Stock Futures in 2016 were TPIPL (13.2%), JAS (13.0%), BLAND (8.3%), TRUE (6.9%), and ITD (6.0%), respectively.

Stock Futures is one of the most popular products of TFEX to be used for directional trade and hedging. Last year TFEX introduced three market makers to boost liquidity and enhance the investors’ confidence. In 2017, TFEX will continue to boost liquidity and conduct more education and marketing program. The new service from Thailand Clearing House (TCH) is also expected to facilitate the growth of Single Stock Futures,” added Rinjai.

The list of the new underlying stock of Stocks Futures can be seen below: