These two companies will join five existing market makers: Globlex Securities, Trinity Securities Co, Thanachart Securities, Ausiris Futures and MTS Gold Futures Co.
TFEX managing director Kesara Manchusree said having YLG Bullion & Futures and Hua Seng Heng Gold Futures Co as market makers for gold futures will help increase liquidity of gold futures on TFEX, because both companies are highly specialized and experienced in gold trade and gold futures.
"TFEX is confident that a higher number of market makers will benefit trade as a whole and help assure investors that they will always be able to execute trade orders at their convenience," Manchusree said.
YLG Bullion & Futures is an affiliate of YLG Group and YLG Bullion International, one of Thailand’s leading importers and exporters of bullion with more than 20 years of experience in the business. YLG Bullion & Futures Co has been licensed as a TFEX member and gold-related agent since March 2009.
Hua Seng Heng Gold Futures’ major shareholders are companies in the Hua Seng Heng group, which has more than 50 years of expertise in gold trade in Thailand. Hua Seng Heng Gold Futures has been a TFEX gold-related agent since March 2009.
