In favor of 24hr trading on TFEX
May 22, 2011 Leave a comment
What with elections coming and maybe some changes thereafter, our own wishful thinking list has 24hr TFEX trading on it, along with a healthy expansion of product.
How about oil and oil minis, Dow, S&P 500, NASDAQ, FTSE, DAX, CAC, Kospi, Nikkei, Hang Seng, STI and Jakarta Index futures (minis for the big ones) , forex futures, majors, regional crosses, a big basket of commodity futures ….. softs, metals and energy.
Jakarta and Singapore are racing ahead in this sphere. 24hrs trading is a must in futures trading, and variety of product is needed to keep people interested.
All of this from one account, with the inherent advantages of exchange trading with proper clearing and settlement.
It would attract retail and institutional money from around the region, and would place Thailand on the map for forward thinking capital market policy.
After all, it would all be electronic, so only a very few staff would be needed on the 3 shifts of 8hrs the TFEX people would have to accommodate.
They could even outsource the operations, but alas we are guilty of dreaming. Must be all that nitrous we inhaled whilst diving.