# Thailand’s Futures Market traded a total of 129 million contracts in 2023

- Link: https://www.thailand-business-news.com/set/122540-thailands-futures-market-traded-a-total-of-129-million-contracts-in-2023
- Published: 2024-01-17T12:04:08+07:00
- Author: SET News

In the year 2023, the futures market saw an average daily trading volume of 534,898
contracts, totaling 129 million contracts. The trading of equity and precious metal
products remained popular, while the currency exchange products showed significant
growth.

Miss Rinjai Chakkraphiphat, Managing Director of Thailand Futures Exchange Public
Company Limited (TFEX), revealed that in the year 2023, TFEX had a total trading
volume of 129,445,418 contracts, averaging 534,898 contracts per day. This represents
a slight decrease compared to the year 2022 (565,627 contracts per day). The trend
is in line with the slowdown in securities trading.

ADVERTISEMENT

The most popular products were in the Equity group, including SET50 Futures, SET50
Options, and Stock Futures, which accounted for 83% of the total trading volume.
The trading volume of SET50 Options and SET50 Futures grew by 14% and 13% respectively
compared to the previous year, while the trading volume of Stock Futures decreased
due to market conditions. For the trading volume of Precious Metal and Currency 
products, they both accounted for 9% of the total volume.

However, in terms of growth rate, the Currency group saw an 11% increase, driven
by currency fluctuations and investment trends in FX, especially with a 62% growth
in USD/JPY Futures compared to the previous year. As for the overall Open Interest
at the end of December 2023, it stood at 2,683,105 contracts, with a total of 318,860
accounts, representing a 10% increase compared to the previous year.

### Related**Posts**

###  󠀁[Thai Listed Companies Face Nearly $11 Billion in Annual Climate‑Risk Costs by 2050, S&P Global Warns](https://www.thailand-business-news.com/environment/329326-thai-listed-companies-face-nearly-11-billion-in-annual-climate-risk-costs-by-2050-sp-global-warns)󠁿

###  󠀁[Offering incentives for companies on the Green List with the IDX Green Equity designation](https://www.thailand-business-news.com/asean/indonesia/331229-offering-incentives-for-companies-on-the-green-list-with-the-idx-green-equity-designation)󠁿

###  󠀁[Digital Economy and E-Commerce: ASEAN’s $1 Trillion Growth Engine](https://www.thailand-business-news.com/asean/323792-digital-economy-and-e-commerce-aseans-1-trillion-growth-engine)󠁿

###  󠀁[The Digital Money Revolution: How a trillion-dollar transformation unfolded in Southeast Asia without much notice](https://www.thailand-business-news.com/set/330758-the-digital-money-revolution-how-a-trillion-dollar-transformation-unfolded-in-southeast-asia-without-much-notice)󠁿

In 2024, TFEX has plans to expand trading hours, develop new products, and continue
to promote investor knowledge.

**Source** : [ TFEX in 2023 traded a total of 129 million contracts. In 2024, trading
hours were extended. Develop new products Ready to promote continuous knowledge