TFEX raises futures margin
Thailand Futures Exchange is raising the margin for gold and interest rate futures trading for the third time in two months, to cope with volatility. The new margin requirement would take effect on Sept 3.
The latest adjustment was effective on Sept 5.
Kesara Manchusri, managing director, said that under the new margin rule, deposits for Bt50 gold futures trading would be Bt92,150 from Bt74,100 per contract. Deposits for Bt10 gold futures are also raised to Bt18,430 from Bt14,820 per contract. Deposits for interest futures, linked with 5-year government bonds, are raised from Bt9,500 per contract from Bt5,890.
"The change in the margin rule is in response to the volality, which increased the transaction volume. In August, the daily transaction volume hit a new record at 122,572 contracts on Aug 25. TFEX is ready to cope with higher trading volume," she said.
TFEX will also raise the deposits for the futures of which prices move in line with 7 individual stocks.
