TFEX extends trading session for gold futures
Thailand Futures Exchange PCL (TFEX) will expand the trading hours of gold futures in night session to 3 am, allowing investors enough time to adjust their strategy to global market trend.
Rinjai Chakornpipat, TFEX managing director said: "from February 24 onwards, the company will change the night trading session from 7pm to 11.55pm to 8.50pm to 3am of the next day. We believe the new schedule will allow investors to adjust their trading strategy and risk management in time before the start of trading in overseas markets ”.
“This new schedule will cover all products whose prices are tied to gold, including gold futures, gold online futures and gold-D," she added.
In 2019, gold futures were responsible for 7 per cent of total TFEX’s trading volume, increasing from 4 per cent the previous year. In January 2020, gold futures created over 38,000 trading contracts per day on average, a 192 per cent increase year on year. “Trading of gold futures has become increasingly popular, given the current global economic situations, especially gold online futures,” she added.
For future information on trading hours, visit www.TFEX.co.th or contact 0-2009-9999.
