INTERLAKEN, SWITZERLAND and BANGKOK, THAILAND and CHICAGO, IL -- 09/05/08 --
The Thailand
Futures Exchange (TFEX) and The Options Industry Council (OIC), a world
leader in options education based in Chicago, announced today that they
have signed an agreement to cooperate on efforts to educate Thai investors
about equity options and cultivate the growth of the options market in
Thailand.
"TFEX is very honored to have the agreement with OIC. We believe that
working with OIC in promoting equity options would be a substantial
advantage for Thai investors," said Kesara Manchusree, Managing Director,
Thailand Futures Exchange Plc. "We are also confident that OIC's effort and
experiences in options education would play a key role in driving the
growth of options trading in the Thai market."
"Over the last 15 years, OIC has successfully carried out its mission of
promoting the responsible use of equity options through investor education.
Consequently, the options market has experienced tremendous volume growth,"
said Gina McFadden, President of The Options Industry Council. "We very
much look forward to working with the Thailand Futures Exchange as we
expand our educational efforts in today's global marketplace."
TFEX and OIC are planning information sharing and co-branding efforts aimed
at equipping Thai investors with important options educational tools. Many
key pages on the OIC website will be translated into Thai, providing easy
access to information on a variety of options strategies. The Options
Investigator CD, one of the most popular pieces of educational material
from OIC, will be distributed with both the TFEX and OIC brand.
Additionally, video of presentations by OIC instructors in Thailand will be
made available to individual investors and market professionals on the TFEX
website.
About The Thailand Futures Exchange
The Thailand Futures Exchange Plc (TFEX), a subsidiary of The Stock
Exchange of Thailand (SET), is a fully electronic derivatives exchange with
an integrated trading and clearing platform. TFEX commenced operation in
2006, launching the SET50 Index Futures as its first product. In 2007, TFEX
launched SET50 Index Options. It is expected that single stock futures will
be introduced in Q4 2008, followed by individual equity options in 2009.
For more information about the Thailand Futures Exchange, please visit
http://www.tfex.co.th/en/index.html.
About The Options Industry Council
OIC is an industry cooperative funded by the American Stock Exchange,
Boston Options Exchange, Chicago Board Options Exchange, International
Securities Exchange, NASDAQ Options Market, NASDAQ OMX PHLX, NYSE Arca, and
The Options Clearing Corporation. OIC's resources include: The Options
Industry Services Help Desk at 1-888-OPTIONS, educational Web sites at
www.optionseducation.org and www.OICoptions.com, evening seminars
throughout the continental United States and Canada, instructional DVDs and
educational literature and software.
For more information:
Thailand Futures Exchange
Rinjai Chaiyasut
Tel: +662-229-2757
Fax: +662-654-5213
Email Contact
The Options Industry Council
Jim Binder
1 312 322-9853
1 312 493-2083 mobile
Email Contact
