futures market Update trading rules to be up to date. suitable for current business conditions and in line with more international practices Including support for new trading systems that will be available in the first quarter of this year
Ms. Rinjai Chakornpipat, Managing Director, Thailand Futures Exchange (Thailand) Public Company Limited, said that the futures exchange Has revised rules related to trading derivatives to be in line with the new trading system that will be available in the first quarter of 2023, including reviewing existing rules and improving them to suit the current business conditions. and to be more consistent with international practices The essence of the revised criteria can be summarized as follows:
-Adjust the criteria for determining the opening price (Equilibrium Price), which will be in line with the new trading system and practice of foreign markets. The opening price may be outside the highest price range (Ceiling) and the lowest price (Floor) ±1 price range, previously defined to be within the price range not exceeding Ceiling & Floor.
-Improved order types which has improved the pending period for Good till Cancel (GTC) or Good till Date (GTD) orders to 255 days and added a Session State Order, which allows investors to set orders to take effect when Up to the specified trading period (Session Trigger) from the former, which can only be conditional on the order to take effect with the price (Price Trigger).
– Improving trading halt guidelines or circuit breakers for Commodity Futures, Currency Futures and Interest Rate Futures by reducing the trading halt period to 2 minutes in order for investors to be aware of the changing trading situation. But shorten the trading pause period so that investors can quickly change their investment positions according to the underlying assets that are still traded in the global market.
In addition, to support emergencies or to prevent possible damage to the trade as a whole. There are also additional rules for the futures market. Orders may also be canceled in the event of a system failure. The updated rules will take effect with the new trading system starting in the first quarter of 2023.