Thailand Futures Exchange (TFEX) บริษัท ตลาดอุนพันธ์ ( ประเทศไทย ) จำกัด ( มหาชน ) stock index futures stock index futures
ตลาดล่วงหน้า A Futures Market is a centralized marketplace where commodities are bought and sold for future delivery. Used primarily to reduce risk and not to make or take delivery. (A commitment to buy or sell a futures contract can be canceled out by making a second futures market transaction that is exactly opposite the original one.) Source: Chicago Board of Trade Commodity Markets: Development, Economic uses, Trading in Futures. Board of Trade of the City of Chicago, U.S.A.
A Futures Contract is a legally binding agreement to buy or sell a standardized amount of a commodity of a standardized minimum quality grade, during a specific month, under terms and conditions established by State authorities. The trading can take place either in the trading pit (e.g. Chicago Board of Trade) or in an electronic trading system [e.g. Warenterminbörse Hannover (Hannover Commodity Exchange)]. Source:Chicago Board of Trade Commodity Markets: Development, Economic uses, Trading in Futures. Board of Trade of the City of Chicago, U.S.A. สัญญาซื้อขาย ล่วงหน้า
Figure 1.1 Volume of futures and options in the world by U.S.A and Non-U.S.A. Exchange,
Korea Stock Exchange (Korea)2,8991, EUREX 1 1, EURONEXT Chicago Mercantile Exchange (U.S.A.) Chicago Board of Trade (U.S.A.) Chicago Board Options Exchange (U.S.A.) International Securities Exchange American Stock Exchange (U.S.A.) Bovespa Exchange name (country) Change (%) Mexican Derivatives Exchange Table 1.1 Volume of futures and options traded by ten large international exchanges in 2002 and 2003
Equity indices 3, , Interest rate 1, , Individual Equities 1, , Agricultural Commodities Energy products Non-precious metals Foreign currency/ Index Precious metals Products contracts % 10 6 contracts % Other Total 8, , Table 1.2 Futures and option volume of trade by category in 2002 and 2003
Table 1.3 Volume of physical and futures market trades in 1997 Commodity Volume of world output (10 6 t) Futures traded volume (10 6 t) Futures volume as % of world output Cocoa ,424.1 Coffee Sugar Wheat , Maize , Soybeans ,499.01,742.7 Cotton Rubber Copper ,015.4 Aluminum Tin