Thai bourse plans to add an ETF and derivative warrants

The Stock Exchange of Thailand (Set) aims to introduce an exchange-traded fund (ETF), derivative warrants, gold futures and an Islamic fund in 2009, as well as boost retail and institutional investor numbers. Set also intends on being listed by 2011, as part of its five-year organisational development plan.

As of 2009, the exchange and its subsidiaries will be divided into two groups, with one focusing on exchange functions, and the other on capital market development. A range of nine strategies underpin this initiative, such as the introduction of new products including an ETF based on an international index or a dual listing, and the enhancement of market access and efficiency. According to Set, the daily average trading volume of derivatives will expand next year by 32.4% in comparison to 2008.

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