DionysusToast
Legendary member
- Messages
- 5,965
- Likes
- 1,501
On the way back from Batman today, I 'accidentally' wandered with my son into the Thai online trading expo (or something like that) in Central World, Bangkok.
I had a chat with a guy from one of the brokers there, I was interested in having a look at Thai Futures markets.
Good Lord it ain't cheap.
According to the guy from UOB, margin is 50,000 THB/contract, or $1,600 - that's OK
Value of each tick is 300 Baht/ $9.52
He said it was 10 ticks per point and 10 points was normal average range
Commissions start a 450 Baht PER SIDE - $14.28 per side or $28.56 per round turn
Apparently - if you do 100 lots a day, it goes down to 300 baht/$9.52 per round turn
I asked him how many contracts are traded a day - he smiled, puffed up his chest and said "about 10,000" - well I'm hardly bloody surprised at those rates.
Is this the most expensive futures market around?
Anyone fancy opening an account?
I had a chat with a guy from one of the brokers there, I was interested in having a look at Thai Futures markets.
Good Lord it ain't cheap.
According to the guy from UOB, margin is 50,000 THB/contract, or $1,600 - that's OK
Value of each tick is 300 Baht/ $9.52
He said it was 10 ticks per point and 10 points was normal average range
Commissions start a 450 Baht PER SIDE - $14.28 per side or $28.56 per round turn
Apparently - if you do 100 lots a day, it goes down to 300 baht/$9.52 per round turn
I asked him how many contracts are traded a day - he smiled, puffed up his chest and said "about 10,000" - well I'm hardly bloody surprised at those rates.
Is this the most expensive futures market around?
Anyone fancy opening an account?
