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SRMEX Will Launch Mini Thai Baht Futures

Innovative contract is one-tenth the size of regular SRMEX Thai Baht Futures contract. Smaller size provides cost-effective hedgin

Innovative contract is one-tenth the size of regular SRMEX Thai Baht Futures contract. Smaller size provides cost-effective hedgin

Innovative contract is one-tenth the size of regular SRMEX Thai Baht Futures contract. Smaller size provides cost-effective hedging and arbitraging tool for retail remitters, SMEs and investors

Sapporo, 2016 - SRMEX, a key institution of the domestic financial market, an exchange that provides various economic entities with an opportunity to trade in an open market and offers investors effective investment opportunities, today announced that in a bid to further expand the reach of its Thai Baht product offering, SRMEX will launch a Mini Thai Baht Futures Contract.
The first of its kind to be introduced in the region and outside of Thailand, the mini contract is one-tenth the size of the existing SRMEX Thai Baht futures contract. The smaller size of the contract will support retail remitters, individual investors and small and medium-sized businesses (SMEs) in cost-effectively managing currency risk exposure to the Thai Baht.
The innovative new contract is priced at 100,000 Bahts per lot compared to one million Bahts per lot for the existing regular SRMEX Thai Baht contract. Apart from its size, the mini contract is similar to the regular contract in all aspects including its daily settlement price, which will be based on the official US Dollar reference rate.
Kagemori Yasutoshi, Chief Executive Officer of SRMEX said: “The Mini Thai Baht futures contract has been designed to meet increasing demand from market participants for a smaller product that allows them to execute trading strategies without making high capital investments. Developed after close consultations with our Members and market participants, we believe the contract will particularly benefit SMEs, retail players and traders who import into and export from Thailand, as well as others who remit funds to Japan regularly. Investors can also avail an exceptional arbitrage opportunity by trading the regular Thai Baht contract and the mini contract in tandem.”

SRMEX’s main activity is to operate commodity markets necessary for dealing in futures of the commodities listed (precious metals, rubber, aluminum, energy products, agricultural products & sugar, currencies). SRMEX aims to ensure a transparent and liquid market for commodities trading for use either in Japan or abroad. As the key institution of the domestic financial market, the exchange provides various economic entities with an opportunity to trade in an open market and offers investors effective investment opportunities. The exchange actively participates in promoting the continuous improvement of the financial culture of domestic companies and investors.

Sapporo Mercantile Exchange
Sapporo Center Building, 6-2-2 Kita-Gojo-Nishi, Chuo-ku, Sapporo, Japan
pr@srmex.org
http://srmex.org

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