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Thailand’s Futures Market traded a total of 129 million contracts in 2023
In the year 2023, the futures market saw an average daily trading volume of 534,898 contracts, totaling 129 million contracts. The trading of equity and precious metal products remained popular, while the currency exchange products showed significant growth.
Miss Rinjai Chakkraphiphat, Managing Director of Thailand Futures Exchange Public Company Limited (TFEX), revealed that in the year 2023, TFEX had a total trading volume of 129,445,418 contracts, averaging 534,898 contracts per day. This represents a slight decrease compared to the year 2022 (565,627 contracts per day). The trend is in line with the slowdown in securities trading.
The most popular products were in the Equity group, including SET50 Futures, SET50 Options, and Stock Futures, which accounted for 83% of the total trading volume. The trading volume of SET50 Options and SET50 Futures grew by 14% and 13% respectively compared to the previous year, while the trading volume of Stock Futures decreased due to market conditions. For the trading volume of Precious Metal and Currency products, they both accounted for 9% of the total volume.
However, in terms of growth rate, the Currency group saw an 11% increase, driven by currency fluctuations and investment trends in FX, especially with a 62% growth in USD/JPY Futures compared to the previous year. As for the overall Open Interest at the end of December 2023, it stood at 2,683,105 contracts, with a total of 318,860 accounts, representing a 10% increase compared to the previous year.
In 2024, TFEX has plans to expand trading hours, develop new products, and continue to promote investor knowledge.
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