Derivative Trading Service

Invest in all kinds of businesses

Derivative Trading Service

Invest in all kinds of businesses

Derivative Trading Service

SET50 Index is calculated on a Market Capitalization Weight approach using the stock prices of the top 50 listed companies selected by SET in terms of large market capitalization, high liquidity.

SET50 Index Futures is the agreement between the buyer and seller agreeing to buy/sell the SET50 Index at the exercise price on within the expiration period.

Contract Specification

Click to Icon hide
Underlying Asset SET50 Index which is compiled, computed and disseminated by the Stock Exchange of Thailand
Contract Multiplier THB 200 per index point
Contract Months 3 nearest consecutive months plus the next 3 quarterly months
Minimum Price Fluctuations THB 0.1 per contract unit
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.
Last Trading Day The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 16:30 hrs.
Final Settlement Price The final settlement price shall be the numerical value of the SET50 Index, rounded to the nearest two decimal points as determined by the exchange, and shall be the average value of the SET50 Index taken during last 15 minutes and the closing index value, after deleting the three highest and three lowest values.

SET50 Index Options is a contract with SET50 Index as the underlying asset. The buyer of a Long position has the right, but not the obligation, to buy or sell SET50 Index at a specific price on or before a certain date to the buyer of a Short position. The price of such option is called the Premium. The contract has a specific period where the seller is obligated to fulfill once the buyer exercises the option.

There are 2 types of SET50 Index Options

  1. Call SET50 Index Options where the buyer has the right to “buy” SET50 Index at the exercise price
  2. Put SET50 Index Options where the buyer has the right to “sell ” SET50 Index at the exercise price

Options Type

Click to Icon hide
Option Type Premium Paid Premium Received If SET50 = Exercise Price If SET50 => Exercise Price If SET50 =< Exercise Price
Long Call Loss on Premium Gain on difference
between Exercise Price and
Premium
Loss on Premium
Long Put Loss on Premium Loss on Premium Gain on difference
between Exercise Price and
Premium
Short Call Gain on Premium Loss on difference
between Exercise Price and
Premium
Gain on Premium
Short Put Gain on Premium Gain on Premium Loss on difference
between Exercise Price and
Premium

Contract Specification

Click to Icon hide
Underlying Asset SET50 Index which is compiled, computed and disseminated by the Stock Exchange of Thailand
Contract Multiplier THB 200 per index point
Contract Months March (H) June (M) September (U) and December (Z) but not greater than 4 quarters
Exercise Style European (for both Call and Put)
Minimum Price Fluctuations 0.10 index point
Price Limit ± 30% of the previous day's SET50 Index
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.
Last Trading Day The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 16:30 hrs.
Final Settlement Price The final settlement price shall be the numerical value of the SET50 Index, rounded to the nearest two decimal points as determined by the exchange, and shall be the average value of the SET50 Index taken during last 15 minutes and the closing index value, after deleting the three highest and three lowest values.

Series Name he contract name has 5 components

Click to Icon hide
Underlying Asset Expiry Date Expiring Year Position Exercise Price
S50 H : March
M : June
U : September
Z : December
Last 2 digits of
he year
C = Call
P = Put
E.g. 900, 925, 950

Contract Specification

Click to Icon hide
Underlying Sector Index computed and disseminated by the Stock Exchange of Thailand. Currently, there are 5 Sector Futures as following:
Banking Information &
Communication
Technology
Energy & Utilities Commerce Food and
Beverage
Ticker Symbol BANK ICT ENERG COMM FOOD
Multiplier THB 1,000 per index point THB 10 per index point
Settlement Month March, June, September, December up to 4 quarters
Minimum Tick Size (Tick Value) 0.10 index point 1 index point
Daily Price Limit/td> ± 30% of the latest settlement price
Trading Hour
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.
Last Trading Day The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 16:30 hrs.
Final Settlement Price The final settlement price shall be the numerical value of the Sector Indices, rounded to the nearest two decimal points as determined by the exchange, and shall be the average value of the Sector Indices taken during last 15 minutes and the closing index value, after deleting the three highest and three lowest values.

Single Stock Futures or SSF is a futures contract with underlying asset announced by TFEX. Investing in SSF generally requires only 5-20% collateral of the underlying asset’s price. There are opportunities to make profit in bullish and bearish markets. Investors can use SSF as a speculation or hedging tool.

Contract Specification

Click to Icon hide
Underlying Asset Listed securities in SET which meet TFEX listing criteria. The current list has 122 stocks which are ADVANC, AEONTS, AOT, BBL, BH, BJC, CBG, CPALL, CPN, DELTA, EGCO, GPSC, GULF, INTUCH, MTC, KKP, M, PTTEP, PTTGC, RATCH, ROBINS, SAWAD, SCB, SCC, TISCO, TCAP, TOP, TQM, AMATA, BANPU, BAY, KBANK, BCH, BCP, BCPG, BDMS, BGRIM, BLA, BPP, BTS, CENTEL, CK, COM7, CPF, DTAC, EA, EASTW, GFPT, GLOBAL, IVL, JMT, HANA, HMPRO, KCE, KTB, KTC, LH, MAJOR, MBK, MEGA, MINT, OSP, PSH, PTT, PTG, RS, SPALI, SPCG, STA, STEC, TASCO, THG, TOA, TTW, TU, TVO, UNIQ, VNT, AAV, AP, BA, BEAUTY, BEC, BEM, BLAND, CHG, CKP, EPG, ESSO, ERW, GUNKUL, ICHI, IRPC, ITD, JAS, LPN, ORI, PLANB, PRM, PSL, QH, S, SAMART, SGP, SIRI, SPRC, STPI, THAI, THANI, THCOM, TKN, TMB, TPIPL, TPIPP, TRUE, TTA, TTCL, VGI, VNG, WHA, WHAUP and SUPER
Contract Size 1,000 shares per contract
Contract Months March, June, September, December up to 4 nearest quarters
Minimum Price Fluctuations THB 0.01
Price Limit ± 30% of the previous day 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.
Last Trading Day The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 16:30 hrs.
Final Settlement Price 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.

* Initial price limit is +10% from the latest settlement price. Should traded price reach the limit, trading will be halted for a certain period announced by TFEX. After trading resumes, the price limit will be expanded to ±20% of the latest settlement price.

Series Name The series name comprises of 3 sections; the underlying, the expiry date, and the expiry year

Click to Icon hide
Underlying Asset Expiry Date Expiring Year
S50 H : March
M : June
U : September
Z : December
Last 2 digits
of the year

Gold Futures is a futures contract with gold as an underlying asset and settled in Thai Baht. The characteristic of gold price movement that do not correlate with the equity market makes gold futures a very interesting investment option in bullish and bearish markets. Currently there are 2 sizes of contracts which are the 10 baht contract and 50 baht contract. Details are as follow;

Contract Specification

Click to Icon hide
Underlying Asset 50 Thai Gold Baht of Gold Buillion with a purity of 96.5% (GF)
10 Thai Gold Baht of Gold Buillion with a purity of 96.5% (GF10)
Contract Months nearest even month : February, April, June, August, October, December
Exercise Price THB 10 (or THB 100 per contract)
Price Limit Initial price limit is ± 10% from the latest settlement price. Should traded price reach the limit, trading will be halted for a certain period announced by TFEX. After trading resumes, the price limit will be expanded to + 20% 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.
Pre-open:
18:45 - 18:50 hrs.
Night session:
18:50 - 03:00 hrs. (Next day)
Last Trading Day The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 16:30 hrs.
Final Settlement Price The Final Settlement Price shall be calculated on
= (London Gold AM Fixing) x 0.4753 x (THB/USD)

* Maximum price fluctuations is +10% of the settlement price the day before the previous settlement price where TFEX will temporary suspend the trading. One the next trading day, the price fluctuation will be allowed at a higher cap of ± 20% of the previous settlement price.

Series Name The series name comprises of 3 sections; the underlying, the expiry date, and the expiry year

Click to Icon hide
Underlying Asset Expiry Date Expiring Year
GF G : February
J : April
M : June
Q : August
V : October
Z : December
Last 2 digits
of the year

Contract Specification

Click to Icon hide
Underlying Asset Gold Bullion with a purity of 99.99%
Ticker Symbol GD
Contract Size 100 grams (3.2148 Troy Ounces)
Contract Months 1 nearest quarterly month (March, June, September, December)
Price Quotation USD per Troy Ounce
Minimum Price Fluctuations USD 0.10
Price Limit Initial price limit is ± 10% from the latest settlement price. Should traded price reach the limit, trading will be halted for a certain period announced by TFEX. After trading resumes, the price limit will be expanded to ± 20% 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 - 16:30 hrs.
Pre-open:
18:45 - 18:50 hrs.
Night session:
18:50 - 03:00 hrs. (Next day)
Speculative Position Limit Net 5,000 contracts on one side of the market in any contract month or all contract months combined
Last Trading Day The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 16:30 hrs.
Settlement Method Physical Delivery
Exchange Fee Maximum of THB 5 per contract side
Commission Fees Freely negotiable

Gold Online Futures is a future contract related to gold bullion with a purity of 99.50% and traded in THB. It can be trade every situation on market up and down trend without exposure in currency risk. Investor can follow and analyze with no difficulties in calculation on Exchange rate.

Contract Specification

Click to Icon hide
Underlying Asset Gold Bullion with a purity of 99.50% and traded in THB
Ticker Symbol GO
Contract Size 1 contract = 300 multiplier of the reference price per troy ounce (For example, if the gold price equals $1,300 then the notional value will be $1,300 x 300 = 390,000 THB)
Contract Months 1 nearest quarterly month (March, June, September, December)
Price Quotation Denominated in THB per troy ounces
Minimum Price Fluctuations THB 0.1 per contract unit
Price Limit Initial price limit is ± 10% from the latest settlement price. Should traded price reach the limit, trading will be halted for a certain period announced by TFEX. After trading resumes, the price limit will be expanded to ± 20% 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 - 16:30 hrs.
Pre-open:
18:45 - 18:50 hrs.
Night session:
18:50 - 03:00 น. (Next day)
Last Trading Day The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 16:30 hrs.
Final Settlement Price The London Gold AM Fixing price on the last trading day as publish by ICE Benchmark Adminstration (IBA). There will be no foreign exchange rate adjustment.
Settlement Method Cash Settlement in THB/td>
Exchange Fee/td> Maximum of THB 14 per contract per side
Data Licensing Fee THB 2 per contract per side
Brokerage Commission Freely negotiable

Remark : The above description is a summary of the contract specification. Please refer to the procedures of listing of Derivatives Contracts for the official contract specification.

USD Futures are future contracts with USD/THB exchange rate as the underlying asset where the rate is published by Thomson Reuters.

Contract Specification

Click to Icon hide
Underlying Asset US Dollar
Contract Size 1,000 USD
Settlement Months 3 nearest consecutive months plus the next quarterly months (March, June, September, or December)
Price Quotation The price is quoted in term of Baht per 1 US Dollar (with 2 decimal points)
Minimum Price Fluctuations Tick size is 0.01 Baht (10 Baht per contract)
Daily Price Limit ± 2% from 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 .
Last Trading Day The business day immediately preceding the last business day of the contract month. The trading of an expire-series shall be ceased on 11:00 hrs.
Final Settlement Price Calculated from the exchange rate announced by Thomson Reuters at 11:00 hrs (BKK time) on the last trading day (4 decimal points)

* Initial price limit is +2% from the latest settlement price. Should traded price reach the limit, trading will be halted for a certain period announced by TFEX. After trading resumes, the price limit will be expanded to ±4% of the latest settlement price

Series Name The series name comprises of 3 sections; the underlying, the expiry date, and the expiry year

Click to Icon hide
Underlying Asset Expiry Date Expiring Year
USD F : January
G : February
H : March
J : April
K : May
M : June
N : July
Q : August
U : September
V : October
X : November
Z : December
Last 2 digits
of the year

Rubber Futures are contracts with Natural Rubber Ribbed Smoke Sheet No. 3 according to the Green Book standard as the underlying asset.

Contract Specification

Click to Icon hide
Underlying Asset Natural Rubber Ribbed Smoke Sheet No. 3 according to the Green Book standard.
Contract Size 5,000 Kilograms (5 tons)
Contract Months 7 nearest consecutive months
Price Quotation THB per 1 Kilo with 2 digit decimals
Minimum Price Fluctuations THB 0.01 (or THB 10 per contract)
Price Limit Initial price limit is ± 2% from the latest settlement price./td>
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.
Last Trading Day The business day immediately preceding the last business day of the contract month.
Settlement Method Cash settlement only where the settlement price is calculated from the Volume Weight Average Price (VWAP) on the last trading day, providing that trading volume of expiring contract exceeds the level specified by exchange. If the trading volume does not meet the criteria, then use the last 3-Day average of Daily Settlement Price (including last trading day).

* initial price limit is +10% from the latest settlement price. Should traded price reach the limit, trading will be halted for a certain period announced by TFEX. After trading resumes, the price limit will be expanded to ±20% of the latest settlement price.

Series Name The series name comprises of 3 sections; the underlying, the expiry date, and the expiry year

Click to Icon hide
Underlying Asset Expiry Date Expiring Year
RSS3 F : January
G : February
H : March
J : April
K : May
M : June
N : July
Q : August
U : September
V : October
X : November
Z : December
Last 2 digits
of the year

Interest Rate Futures are futures contracts with an interest-bearing instrument as the underlying asset. Interest rate futures are used to hedge against the risk of interest rates moving in an adverse direction. TFEX currently has Interest Rate Futures with 3M BIBOR and 5Yr Government Bond as the underlying assets.

  • 3M BIBOR Futures
  • 5Y Government Bond Futures

Contract Specification Silver Online Futures

Click to Icon hide
Underlying Asset Silver with purity of 99.99%
Ticker Symbol SVF
Contract Size 1 contract = 3,000 multiplier of the reference price per troy ounce
Contract Months 1 nearest quarterly month (March, June, September, December)
Price Quotation USD per troy ounces
Minimum Price Fluctuations USD 0.01 per contract unit
Price Limit Initial price limit is ±10% from the latest settlement price. Should trade price reach the limit, trading will be halted for a certain period announced by TFEX. After trading resumes, the price limit will be expanded to ±20% of the latest settlement price
Trading Hours
Pre-open I :
09:15 - 09:45 hrs.
Morning session :
09:45 - 12:30 hrs.
Pre-open II :
13:45 - 14:15 hrs.
Afternoon session :
14:15 - 16:55 hrs.
Pre-open III :
18:45 - 18:50 v.
Night session :
18:50 - 3:00 hrs. (the following day)
Position Limit Exchange may announce the position limit as it deems appropriate.
Last Trading Day The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 16:55 hrs. In case the last trading day falls on a LBMA's holiday, TFEX will announce the new last trading day accordingly
Settlement Type Cash Settlement in THB
Final Settlement Price The LBMA Silver Fixing price on the last trading day as published by ICE Benchmark Administration (IBA). There will be no foreign exchange rate adjustment.
Data Licensing Fees THB 0.5 per contract per side

Contract Specification Japanese Rubber Futures

Click to Icon hide
Underlying Asset Japanese Natural Ribbed Smoke Sheet No. 3
Ticker Symbol JRF
Contract Size 1 contract = 300 multiplier of the reference price
Contract Months 6 nearest consecutive months
Price Quotation JPY per kilogram
Minimum Price Fluctuations JPY 0.10 per contract unit
Price Limit Initial price limit is ±10% from the latest settlement price. Should trade price reach the limit, trading will be halted for a certain period announced by TFEX. After trading resumes, the price limit will be expanded to ±20% of the latest settlement price.
Trading Hours
Pre-open :
09:15 - 09:45 hrs.
Morning session :
09:45 - 16:55 hrs.
Position Limit Exchange may announce the position limit as it deems appropriate.
Last Trading Day/td> The fourth (4) business day preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 13:15 p.m. In case the last trading day falls on a OSE's holiday, TFEX will announce the new last trading day accordingly.
Settlement Type Cash Settlement in THB
Final Settlement Price Settlement Price of RSS3 Rubber Futures as announced by Osaka Exchange on the last trading day. There will be no foreign exchange rate adjustment.
Data Licensing Fees Exchange may announce the Data Licensing Fee as it deems appropriate (Waived)
Contact

For additional information, please contact

Featured