Thailand Futures Exchange PCL (TFEX), under The Stock Exchange of Thailand group, announced the Securities and Exchange Commission has approved the cancellation of six-month interest rate futures THBFIX (6M THFIX), effective from March 17, 2014. The last trading day for this futures contract will be on March 14, 2014.
The termination of 6M THBFIX futures is expected not to affect many investors since there are no open interests left. Furthermore, institutional investors which are the primary group of investors for this product are still able to conduct a similar trade via other financial institutions such as commercial banks.
Due to the changes of the THBFIX’s features earlier this year, such as underlying interest rate, calculation method and information dissemination period, causing inconvenience and difficulties to investors, TFEX has discussed the cancellation thoroughly with its broker members.
However, the 3-month BIBOR and 5-year government bonds are still available for those needing to manage their interest rate risk. For more information, please visit this website www.tfex.co.th .