The Stock Exchange of Thailand (SET) and 17 brokerages will intensively train the brokers’ derivatives marketing officers on investment strategies and new products, including the addition of more underlying stocks for single stock futures, introduce silver and oil futures, and extend trading hours for gold and silver futures to 22:30 hours. The SET and brokers target the opening of 10,000 more derivatives accounts in 2011 as the marketing officers apply what they’ve learned in this TFEX Top Marketing 2011 project.
During the past five years, the Thai derivatives market has continued to grow rapidly, The Stock Exchange of Thailand (SET) President Charamporn Jotikasthira noted. The daily average trading volume has grown a record pace of 46.96% from 2009 to 18,786 contracts in 2010, the highest rate since it began trading in 2006. However, there are only around 45,000 derivatives accounts in the SET Group’s Thailand Futures Exchange (TFEX), or merely 7% of the total securities accounts currently registered with SET. Thus, the futures market still has immense potential to expand.
“In 2011, TFEX will launch a number of new products, as outlined above. To fully benefit investors, the derivatives marketing officers should thoroughly understand these products. Of the 5,500 marketing officers currently in the securities industry, over 850 from 17 participating brokerages will participate in this campaign, said Mr. Charamporn.
TFEX Top Marketing 2011 will emphasize the education and enhancement of professionalism among securities trading staff, through developing techniques and expertise, as well as suggesting products and services for derivatives investors. Seasoned speakers from the derivatives business will to share their insights and explain about new products. Participants will also have a chance to win special prizes of a free field trip to Hong Kong and several domestic travel packages.