Contract Months |
4 Months in March quarterly cycle.
H (Mar), M (Jun), U (Sep), Z (Dec) |
Minimum Price Fluctuations |
0.1 Index Point = THB 100 |
Daily Price Limit |
+ 30% / -10%, -20%, -30%
From the previous day's settlement price |
Margin (As of April 4, 2006) |
Initial: |
THB 50,000 |
Maintenance: |
THB 35,000 |
Spread: |
THB 12,500 |
|
Trading Hour (GMT + 7 Hours) |
| Pre-Opening: |
9.15 - 9.45 |
| Morning Session: |
9.45 - 12.30 |
| Pre-Opening: |
14.00 - 14.30 |
| Afternoon Session: |
114:30 - 16:55 (16:30) |
|
Order Type |
MKT, LMT, STP, STP Limit, Spread
IOC/FAK, FOK, GTC, GTD, Iceberg |
Position Limit |
10,000 net long/short in any contract Or all contract months combined |
Last Trading Day |
One business day immediately preceding the last business day of the contract month. Trading of the expiring contract month ceases at 16:30. |
Daily Settlement Price |
1. The VWAP between 16:50 - 16:55
2. Last Executed Price
3. If there is no trade between 16:50 - 16:55, use the Last Executed Price. If there is no Last Executed Price, TFEX will announce the daily settlement price. |
Final Settlement Price |
The cash settlement price will be the numerical value of the SET50 Index rounded to the nearest 2 decimal points as determined by the TFEX, and will be the average price of the SET50 Index prices taken at 1-minute intervals between 16:00 - 16:30, after deleting the 3 highest and 3 lowest prices. |
Circuit Breaker |
Stage 1: -10%. If price of the SET50 Futures decreases by 10% from the previous day's settlement price, trading can be continue at or above the first trigger point. TFEX shall stop trading for 30 minutes when the first level circuit breaker of the SET is triggered. TFEX shall reopen the SET50 Futures market when the SET reopens the stock market.
Stage 2: -20%. If price of the SET50 Futures decreases by 20% from the previous day's settlement price, trading can be continue at or above the second trigger point. TFEX shall stop trading for 60 minutes when the second level circuit breaker of the SET is triggered. TFEX shall reopen the SET50 Futures market when the SET reopens the stock market.
After reopening the market, TFEX shall allow the SET50 Futures to trade at a price which is not less than 30% from previous day's settlement price.
If the trading time left in a session is less than 30 minutes, or one hour (as the case may be) after the circuit breaker comes into effect, trading will be halted until the closing time of that session, and the trading will then resume in the next session. |
