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Sep. 1--The Thailand Futures Exchange has approved the first brokerage seat memberships to 20 securities companies
The 20 selected brokers were among the 32 applicants in the first round of approvals. The TFEX will select another 12 broker members within the next six months.
Kesara Manchusree, president of the TFEX, said the approvals was based on the readiness of brokers to offer derivatives services and their ability to develop the futures market together with the regulators.
The twenty members are DBS Vicker Securities, Phillip Securities, Trinity Futures, Capital Nomura Securities, Asia Plus Securities, SCB Securities, Sicco Securities, Kim ...