Stock Exchange of Thailand (SET) is to provide a THB300m
($7.1m) loan to fund the development of the country's first
financial futures exchange, according to Thailand's Securities
and Exchange Commission secretary-general Prasarn
The futures exchange is likely to open in 2004/2005 and will
offer equity indices, interest rates and currency products at
first, then gold, crude oil and other financial indices
potentially offered after the industry is established. Thailand
seems to be re-emerging as an Asian Tiger, with its stock
market up 35% so far this year.
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