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Launch of Thai Commodity Futures Market Nears.
Byline: Woranuj Maneerungsee
Jan. 5--Seventeen brokers will offer futures trading of agricultural products when the long-delayed farm commodity futures market is launched in the first quarter of this year.
The new market's regulators, the Agricultural Futures Trading Commission (AFTC) and the Agricultural Futures Exchange of Thailand (Afet), have been working around the clock for several months to finalise everything, from drafting regulations to installing software and hardware. Unofficially, they said the market should be ready for trading in March.
They are also working closely with the brokers now to fine-tune the regulations and systems.
Some brokers, who declined to be named, have expressed their concern over the regulators' about-turn policy to increase the maximum number of brokerage firms to 20 from 10.
The source said at the beginning, trade ...
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