Thailand Gold Futures.

Thailand Futures Exchange PCL (TFEX) officially launched its latest product-gold futures on the 3rd February 2009.
Trading gold futures is highly appropriate, either to use as a risk management tool or to enjoy the potential profits from that volatility.

Contract specification
Underlying Assets:-Gold Bullion with a purity of 96.5%
Contract Size:-50 Thai Gold Baht (762.20 grams)(1 Thai Gold Baht = 15.244 grams)
Contract Months:- 3 nearest even month : February, April, June, August, October, December
Minimum Price Fluctuations(Tick Size)
Price quoted per 1 Thai Gold Baht
•Tick size is 10 Baht
Price Limit
+20% from previous day settlement price.
Trading Hours
Pre-open: 9:15 - 9:45 hrs.
Morning session:9:45 - 12:30 hrs.
Pre-open:14:00 - 14:30 hrs.
Afternoon session:14:30 - 16:55 hrs.
Speculative Position limit:-Exchange may announce the position limit as it deems appropriate.
Final Trading Day
The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Final Trading Day is 16.30 hrs.
Final Settlement Price
The Final Settlement Price shall be calculated on
• the basis of the London Gold A.M. Fixing price announced by London Gold Market Fixing Limited on the last trading day and the foreign exchange rate for Baht to US dollars announced by TFEX on the last trading day, after conversion for weight and fineness.
• The formula for its calculation is as follows:
= London Gold AM Fixing x (15.244/31.1035) x (0.965/0.995) x (THB/USD)
Note:
1 troy ounce = 31.1035 grams
1 Thai gold Baht = 15.244 grams
London Gold AM Fixing is based on 0.995 gold
The underlying of gold futures contract is 0.965 gold
Settlement Method:-Cash Settlement
Exchange and Clearing Fee:-50 Baht per contract per side
Brokerage commission:-
Freely negotiable.For one to five contracts per day, the commission will be THB500 per contract; for the sixth through twentieth contract, it will be THB400 per contract and for the twenty-first contract on up, the rate will be THB300 per contract.

Trading Procedure:-Under the ThaiClearingHouse’s clearing rules, all traded futures contracts must be cleared and settled on the next business day (T+1).

Why not have a trial trading account at some of the brokers site herein to see how it function.
Maybe the next time when you intend to retire in Thailand,you can still earn a living here without the need of a work permit. Visa extension run can be made at the Malaysian immigration border checkpoint at Bukit Kayu Hitam.
Broker No:1 BLS Bualuang Securities Public Company Limited

Broker No:42 KEST Kim Eng Securities (Thailand) Public Company Limited

TFEX has 41 members, 36 of which of are general members, while the other five members are gold related agents.


International brokers:-
CS Credit Suisse Securities (Thailand) Limited
JPM JPMorgan Securities (Thailand) Limited