Stock futures is stock index futures. It is a type of futures traded in TFEX. The buyer and the seller agree today at what price and how many stocks will be traded. With this characteristic, stock futures is an interesting product for current stock traders and other interested persons. It is a new alternative to make a profit in two ways by “buy-before-sell” or “sell-before-buy” transactions. Investors therefore can make a profit in all market conditions with high return at low cost and capital gain tax is exempt. Stock Futures was launched in TFEX on 24 November 2008
Highlight specifications of STOCK FUTURES
|Underlying asset||listed securities as announced by TFEX|
|Ticker symbol||Securities symbol|
|Contract multiplier||1,000 shares per contract|
|Contract months||March, June, September, December up to 4 nearest quarters|
|Price quotation||THB per share|
|Minimum price fluctuations||THB 1 (THB 100 per contract)|
|Exchange fee||THB 7 per contract per contract side|
|Brokerage commission||THB 100 price : THB 0.5 per contract per contract side > THB 100 price: THB 5 per contract per contract side|
+30% of the latest settlement price
Pre-open: 09:15 – 09:45 hrs.
Morning session: 09:45 – 12:30 hrs.
Pre-open: 13:45 – 14:15 hrs.
Afternoon session: 14:15 – 16:55 hrs.
Speculative position limit
The maximum amount of contracts any investor may hold on one side of the market in any contract month or all contract months combined may not exceed the position limit announced by TFEX.
No stock delivery. Cash settlement.
Final settlement price
The business day immediately preceding the 15th day prior to the end of the contract month or The volume weighted average value of the underlying share trading transaction during last 15 minutes and at the closing on the last trading day, rounded to the nearest two decimal points.
The abovementioned contract specifications have been revised to make them easier to understand. Those who are interested may request to view the form of the mentioned futures contracts according to the regulations of futures trading.