Derivative Trading Service

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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

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Underlying Asset SET50 Index which is compiled, computed and disseminated by the Stock Exchange of Thailand (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)
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

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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

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Underlying Asset SET50 Index which is compiled, computed and disseminated by the Stock Exchange of Thailand (S50)
Contract Multiplier THB 200 per index point
Contract Months 3 nearest consecutive months plus 1 quarterly month
Price Quotation Premium
Minimum Price Fluctuations 0.1 index point (or THB 20 per contract)
Price Limit ± 30% of the previous day's SET50 Index
Exercise Style European
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

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Underlying Asset Expiry Date Expiring Year Position Exercise Price
(S50) Months Years (Call,Put)

Sector Index Futures is a futures contract with sector index as an underlying. Initially there will be a total of 5 underlying sectors available for trading: Banking, Information and Communication Technology, Energy and Utilities, Commerce and Food and Beverage

Contract Specification

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Underlying Asset Sector Index computed and disseminated by the Stock Exchange of Thailand
Banking
(BANK)
Information &
Communication
Technology(ICT)
Energy & Utilities
(ENERG)
Commerce
(COMM)
Food and
Beverage
(FOOD)
Contract Multiplier THB 1,000 per index point THB 10 per index point
Contract Months March (H) June (M) September (U) December (Z) up to 4 quarters
Price Quotation Sector index price
Minimum Price Fluctuations 0.10 index point
(or THB 100 per contract)
1 index point
(or THB 10 per contract)
Price Limit ± 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

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Underlying Asset Listed securities in SET which meet TFEX listing criteria. The current list has 128 stocks which are AAV, ADVANC, AEONTS, AMATA, AOT, AP, AWC, BA, BAM, BANPU, BAY, BBL, BCH, BEAUTY, BEC, BEM, BGRIM, BH, BJC, BLA, BLAND, BPP, BTS, CBG, CENTEL, CHG, CK, CKP, COM7, CPALL, CPF, CPN, CRC, DELTA, DTAC, EA, EASTW, EGCO, EPG, ERW, ESSO, GFPT, GLOBAL, GPSC, GULF, GUNKUL, HANA, HMPRO, ICHI, INTUCH, IRPC, ITD, IVL, JAS, JMT, KBANK, KCE, KEX, KKP, KTB, KTC, LH, LPN, M, MAJOR, MBK, MEGA, MINT, MTC, OR, ORI, OSP, PLANB, PRM, PSH, PSL, PTG, PTT, PTTEP, PTTGC, QH, RATCH, RS, S, SAMART, SAWAD, SCB, SCC, SCGP, SGP, SIRI, SPALI, SPCG, SPRC, STA, STEC, STGT, STPI, SUPER, TASCO, TCAP, THAI, THANI, THCOM, THG, TISCO, TKN, TOA, TOP, TPIPL, TPIPP, TQM, TRUE, TTA, TTB, TTCL, TTW, TU, TVO, UNIQ, VGI, VNG, VNT, WHA และ WHAUP
Contract Size 1,000 shares per contract (except contract adjustment for corporate action)
Contract Months March (H) June (M) September (U) December (Z) up to 4 nearest quarters
Price Quotation THB per share
Minimum Price Fluctuations THB 0.01 (or THB 10 per Contract)
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.

Gold Futures is a futures contract with gold (96.5% purity) 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

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Underlying Asset 10 Thai Gold Baht of Gold Buillion with a purity of 96.5% (GF10)
50 Thai Gold Baht of Gold Buillion with a purity of 96.5% (GF)
Contract Size 10 Thai Gold Baht(1 Thai Gold Baht = 15.244 grams)
50 Thai Gold Baht(1 Thai Gold Baht = 15.244 grams)
Contract Months 3 nearest even month : February (G) April (J) June (M) August (Q) October (V) and December (Z)
Price Quotation THB per one baht weight of gold
Minimum Price Fluctuations THB 10 (or THB 100 per contract)
THB 10 (or THB 500 per contract)
Price Limit ± 10% of latest daily settlement price, market will be temporarily halted.
When market resume trading, daily price limit will be expanded to ±20% of latest daily 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. (The Following day)
Last Trading Day The business day immediately preceding the last business day of the contract month. The trading of expiring contract will be ceased at 16:30 hrs. on Last Trading Day.
Final Settlement Price The final settlement price formula is as follows:
= London Gold AM Fixing x (15.244/31.1035) x (0.965/0.995) x (THB/USD)

Gold Online Futures is a futures contract with gold (99.5% purity) as an underlying asset and settled in THB. 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 without exposure in currency risk.

Contract Specification

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Underlying Asset Gold Price with a purity of 99.50% (GO)
Contract Size 1 contract = 300 multiplier of the reference price per troy ounce
Contract Multiplier THB 300 per 1 US Dollar per troy ounce
Contract Months March (H) June (M) September (U) and December (Z) up to 2 nearest quarters
Price Quotation US Dollar per troy ounce
Minimum Price Fluctuations USD 0.1 (or THB 30 per contract)
Price Limit ±10% of latest daily settlement price, market will be temporarily halted. When market resume trading, daily price limit will be expanded to ±20% of latest daily 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 น. (The Following 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 Administration (IBA). There will be no foreign exchange rate adjustment.


GOLD-D Futures is a futures contract with gold (99.99% purity) as an underlying asset and settled in Physical Delivery.

Contract Specification

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Underlying Asset Gold Bullion with a purity of 99.99% (GD)
Contract Size 100 grams (3.2148 Troy Ounces)
Contract Months 1 nearest quarterly month :March (H) June (M) September (U) และ December (Z)
Price Quotation US Dollar per Troy Ounces
Minimum Price Fluctuations USD 0.10
Price Limit ±10% of latest daily settlement price, market will be temporarily halted. When market resume trading, daily price limit will be expanded to ±20% of latest daily 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. (The Following 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.
Settlement Method For Kasikorn securities there is no physical delivery, only use Cash Settlement.
Final Settlement Price The volume weighted average price during last 30 minutes x (THB/USD) x 3.2148

Silver Online Futures is a futures contract with silver (99.90% purity) as an underlying asset and settled in THB. The characteristic of silver price movement that do not correlate with the equity market makes silver futures a very interesting investment option in bullish and bearish markets without exposure in currency risk.

Contract Specification Silver Online Futures

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Underlying Asset Silver with purity of 99.90% (SVF)
Contract Size 1 contract = 3,000 multiplier of the reference price per troy ounce
Contract Multiplier THB 3,000 per 1 US Dollar per troy ounce
Contract Months 2 nearest quarterly month :March (H) June (M) September (U) and December (Z)
Price Quotation USD per troy ounces
Minimum Price Fluctuations USD 0.01 per contract (or THB 30 per contract)
Price Limit ±10% of latest daily settlement price, market will be temporarily halted. When market resume trading, daily price limit will be expanded to ±20% of latest daily 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 v.
Night session :
18:50 - 3:00 hrs. (The Following 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 16:55 hrs.
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.

USD Futures is future contracts with THB/USD exchange rate as the underlying asset. USD Futures is a tool that helps traders manage their foreign exchange risk. It also increases the chances of making a profit for speculative investors.

Contract Specification

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Underlying Asset THB/USD exchange rate (USD)
Contract Size 1,000 USD per contract
Contract Months 3 nearest consecutive months plus the next quarterly months
Price Quotation THB per US Dollar (with 2 decimal points)
Minimum Price Fluctuations THB 0.01 (or THB 10 per contract)
Price Limit ±2% of latest daily settlement price, market will be temporarily halted. When market resume trading, daily price limit will be expanded to ±4% of latest daily settlement price
Speculative Position Limit Net 10,000 contracts on one side of the market in any contract month or all contract months combined
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 .
Pre-open:
18:45 - 18:50 hrs.
Night session:
18:50 - 23:55 .
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)

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

Contract Specification

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Underlying Asset Natural Rubber Ribbed Smoke Sheet No. 3 according to the Green Book standard. (RSS3)
Contract Size 5,000 Kilograms (5 tons)
Contract Months 7 nearest consecutive months
Price Quotation THB per 1 Kilo with 2 decimals points
Minimum Price Fluctuations THB 0.05 (or THB 250 per contract)
Price Limit ±5% of latest daily settlement price, market will be temporarily halted. When market resume trading, daily price limit will be expanded to ±10% of latest daily settlement price
Trading Hours
Pre-open:
09:15 - 09:45 hrs.
Open  session:
09:45 - 16:55 hrs.
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 16:55 hrs.
Final Settlement Price For Kasikorn securities there is no physical delivery, only use Cash Settlement.
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).

Japanese Rubber Futures  is contracts with Japanese Natural Rubber Ribbed Smoke Sheet No. 3 in the Osaka Exchange which have high volume of futures contract.

Contract Specification

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Underlying Asset Japanese Natural Ribbed Smoke Sheet No. 3 (JRF)
Contract Size 1 contract = 300 multiplier of the reference price
Contract Multiplier THB 300 per JPY per Kg.
Contract Months 6 nearest consecutive months
Price Quotation JPY per kilogram
Minimum Price Fluctuations JPY 0.10 per contract unit (or THB 30 per contract)
Price Limit ±10% of latest daily settlement price, market will be temporarily halted. When market resume trading, daily price limit will be expanded to ±20% of latest daily settlement price
Trading Hours
Pre-open :
09:15 - 09:45 hrs.
Open session :
09:45 - 16:55 hrs.
Last Trading Day The fourth business day preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 13.15 hrs.
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.

3M BIBOR Futures  is futures contracts with 3 month Bangkok interbank offered rate as the underlying asset.

Contract Specification

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Underlying Asset 3M BIBOR is 3 month Bangkok interbank offered rate (BB3)
Contract Size THB 10,000,000
Contract Months March (H) June (M) September (U) and December (Z) up to 2 quarters
Price Quotation In terms of index 100.000 - Yield (on annual basis with 3 decimal points)
Minimum Price Fluctuations 0.005 (or THB125 per contract)
Price Limit ±2.5% 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 - 16:00 hrs.
Last Trading Day The third Wednesday of the contract month and the trading of expiring contract will be ceased after 11:00 hrs. on the last trading day
Final Settlement Price Calculated from 3M BIBOR fixed at 11:00 hrs. (BKK time) as announced by Bank of Thailand on the last trading day (4 decimal points)

5Y Gov Bond Futures  is futures contracts with 5 years government bond as the underlying asset.

Contract Specification

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Underlying Asset 5-Year Thai Government Bond with 5% coupon (semi-annual) (TGB5)
Contract Size THB 1,000,000
Contract Months March (H) June (M) September (U) and December (Z) up to 2 quarters
Price Quotation Price quoted by percent of par value with 2 decimal points.
Minimum Price Fluctuations 0.01 (or THB100 per contract)
Price Limit ± 5% 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 - 16:00 hrs.
Last Trading Day The third Wednesday of the contract month and the trading of series going to expire will be ceased after 16:00 hrs. on the last trading day
Final Settlement Price - Based on basket of eligible bond – A designated basket of Government Bonds with a minimum issuance size of ฿5,000 million and 4 - 6 year term to maturity on the first calendar day of the contract month.
- Calculated from average yield quoted by primary dealers (4 decimal points)

Symbol of Contracts

The Futures Symbol consists of Underlying Asset symbol, Contract Months and Contract Years Expiration.
For example: The SET50 Index Futures that expires in March 2022. The Futures Symbol is S50H22.

Series of Contract Months

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Months Series
January F
February G
March H
April J
May K
June M
July N
August Q
September U
October V
November X
December Z
Contact

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