Thai bourse lowers exchange fees on SET50 Index Futures and gold futures, effective May 2
Bangkok, April 22, 2013 – The Thailand Futures Exchange PCL (TFEX), under The Stock Exchange of Thailand (SET) group, announced the reduction of exchange fees of SET50 Index Futures and gold futures, starting May 2, 2013.
TFEX Managing Director Kesara Manchusree said: “TFEX and Thailand Clearing House Co., Ltd.(TCH) agreed to lower trading and clearing fees (exchange fees) on both SET50 Index Futures and gold futures transactions. The exchange fees for SET50 Index Futures and 50 baht gold futures will be cut down from THB50 to THB35 per contract, while that for 10 Baht Gold Futures will be lowered from THB10 to THB7 per contract. All new fees will be effective from May 2, 2013 onward.”
“The reduction of exchange fees, aligning with trading conditions of such derivatives in foreign markets, will benefit all TFEX investors and promote business opportunities of all TFEX member companies. However, for SET50 Index Futures contracts maturing in May 2013 (S50K13) under promotional fee at THB10 per contract, the fee will retain at this promotional rate until expiry date.”
“Futures trading costs normally include both brokerage commissions and exchange fees. For commission rates, they are decided and announced by the Futures Industry Club (FI Club), as TFEX has no involvement in this matter,” Kesara added.