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22 Annual Report 2012
Derivatives trading
In 2012, the Thailand Futures Exchange plc (TFEX) showed growth both in terms of trading volume and number of
investors. Daily average trading was 43,823 contracts per day, up 6.51% percent y-o-y, supported by trading of single stock
futures rising to 8,849 contracts per day and mini-gold futures (10 Baht Gold Futures) rising to 10,601 contracts per day.
Meanwhile, the number of investors on TFEX surged to 80,893 accounts, up 28.64% y-o-y.
In terms of new products, in 2012, TFEX launched USD futures and sector index futures, with daily average trading
volumes at 2,751 and 4 contracts, respectively.
TFEX’s extended trading hours for its commodity futures continued to be very well-received by investors. In 2012,
the night session accounted for 49.67% of total trading volume, up from 40.03% in 2011.
Fund-raising
In 2012, listed firms of SET and mai raised a total of THB258,108 million (approx. USD8,427.47 million), up by 207.99%
y-o-y – the highest amount in the past 10 years. In the primary market, 18 firms (SET: 8; mai: 10) and 6 property funds used
initial public offerings to raise a total of THB52,467 million (approx. USD1,713.49 million). In the secondary market, companies
in SET and mai used secondary equity offerings to raise a combined THB205,641 million (approx. USD6,714.37 million).
Furthermore, a total of 157 companies raised funds on those two exchanges through IPOs or secondary equity offerings.
This number of companies raising funds was 28.13% of total listed firms, up from 24.44% in 2011.
Number of companies and property funds that raised funds in 2010 – 2012
Value (Mln.THB) Number of companies
2012 2011 2010 2012 2011 2010
Primary market 52,467 18,463 12,588 24 16 15
Secondary market 205,641 64,860 77,940 133 117 111
Total 258,108 83,323 90,528 157 133 126
Trading volume
of the TFEX
Source: SETSMART
(unit: contracts)
SET50 index futures single stock futures Gold Futures SET50 index options
17,690
6,468
16,350
443
16,467
8,849
14,868
221
10,212
4,006
4,994
443
2010
TFEX had daily average trading
volume at 18,676 contracts
2010
TFEX had daily average trading
volume at 41,145 contracts
2010
TFEX had daily average trading
volume at 43,823 contracts
Remarks: 1. in October 2010, the TFEX lunched the Interest Rate Futures
2. in 2011, the TFEX lunched the Silver Futures and Oil Futures in June and October respectively
3. in 2012, the TFEX lunched the USD Futures and Sector Index Futures in June and October respectively