The Stock Exchange of Thailand (SET) was incorporated under the Securities Exchange of Thailand Act. Operations began on April 30, 1975. As a non-profit platform for securities trading and related services, SET serves to promote savings and long-term capital financing for the economic development of the nation. SET encourages the general public to become shareholders in national companies and industries. The core operations of SET shall include the listing of securities, the supervision of information disclosures by listed companies, the monitoring of securities transactions and the supervision of member companies involved in securities trading, as well as the dissemination of information and investor education. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”?Get the original essayThailand Futures Exchange (TFEX) is a subsidiary of the Stock Exchange of Thailand (SET) and was established on May 17, 2004 as as a derivatives exchange. TFEX is governed by the Derivatives Act BE 2546 (2003). is under the supervision of the Securities and Exchange Commission (SEC).TFEX uses the same price/time priority rules as the stock market for order matching. Price/time priority refers to how orders are prioritized for execution. Orders are ranked first according to their price; orders of the same price are then sorted based on when they were entered. When trading futures, you do not need to pay the full amount. This is similar to a margin account when trading stocks. An initial margin will need to be deposited before each transaction. The futures price usually changes daily, the difference between the previously agreed price and the daily futures price is settled daily. The exchange will take money out of one party's margin account and put it into the other party's so that each party has the appropriate daily loss or profit. If the margin account falls below a maintenance margin level, a margin call is made and the account owner must replenish the margin account. This process is known as marking to market. TFEX is authorized to trade futures, options and options on futures contracts whose authorized underlying assets are: Stocks: index and stocks Debt: bonds and interest rates Commodities: gold, silver and crude oil Others: Exchange rates and others as may be announced by the SEC Derivatives are one of three main categories of financial instruments, the other two being equities (i.e. stocks or shares) and debt (i.e. bonds and mortgages). The earliest example of a derivative in history is believed to be a contractual transaction in olives, entered into by the Greek philosopher Thales and attested by Aristotle, who made a profit on the exchange. Bucket shops, banned a century ago, are a more recent historical example. In finance, a derivative is a contract that derives its value from the performance of an underlying entity. This underlying entity can be an asset, an index or an interest rate, and is often simply referred to as the “underlying”. Derivatives can be used for several purposes, including to guard against price movements (hedging), to increase exposure to price movements for speculation, or to access assets or markets that are otherwise difficult to access. negotiate. Some of the most common derivatives include futures, forwards, options, swaps, and their variations, such as securities.