SET 50 Index Futures

SET 50 Index Futures is calculated from the stock prices of the top 50
listed companies on SET in terms of large market capitalization and high liquidity.

Highlight specifications of SET 50 Index Futures

SET 50 Index Futures is the first product to be traded on TFEX. SET 50 Index Futures is calculated from the stock prices of the top 50 listed companies on SET in terms of large market capitalization and high liquidity. SET50 Index Futures received a No-Action Letter from the Commodity Futures Trading Commission (CFTC) of the United States, permitting residents of the United States to trade SET50 Futures listed on TFEX. In the morning of 6 May 2014, the contract multiplier was adjusted from THB 1,000 to THB 200 per index point. SET50 Index Futures automatically converted to 5 contracts of mini SET50 Index Futures (with a multiplier of THB 200 per index point).

Details

Underlying asset SET50 Index computed and disseminated by the Stock Exchange of Thailand
Ticker symbol S50
Contract multiplier THB 200
per index point
Contract months 3 nearest consecutive months plus the next 3 quarterly months
Price quotation SET50 index price
Minimum price fluctuations 0.1 index point
(or THB 20 per contract)
Exchange fee THB 7 per contract per contract side
Brokerage commission Freely negotiable

Other information

Price limit

+30% of the latest settlement price

Trading hours

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

Net 100,000 delta equivalent SET50 Index Futures contracts on one side of the market in any contract months of SET50 Index Futures and SET50 Index Options combined.

Last trading day

The business day immediately preceding the last business day of the contract month. The trading of expiring contracts will cease at 16.30 hrs.

Final settlement price

Average value of SET50 Index calculated from SET50 Index value during the last 15 minutes and the closing index value by removing the 3 highest values and the 3 lowest values rounded to the nearest two decimal points.

Settlement method

Cash settlement

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