The Ministry of Finance is move forward with upgrading the Thailand Futures Exchange (TFEX) to keep pace with changes in global finance and investment, and to support Thailand’s “New Economic Vision,” which requires multi-dimensional and comprehensive economic drivers.
This upgrade aims to strengthen Thailand’s green economy and digital economy in a clearer and more concrete way. The Ministry plans to do so by revising and expanding the list of “underlying assets/reference variables” under the Futures Trading Act B.E. 2546 (2003). The goal is to make Thailand’s derivatives market more diverse, comprehensive, and attractive to investors, while ensuring stronger regulatory oversight and investor protection.
Key proposals include upgrading carbon credits into deliverable underlying assets, adding greenhouse gas emission allowances and renewable energy certificates (RECs), and allowing digital assets such as cryptocurrencies and digital tokens as underlying products. The package also expands index-based products linked to FX, interest rates and freight rates, while broadening coverage of certain energy and petrochemical-related commodities to better reflect real-market structures.
These revisions will allow futures exchanges to develop a wider range of products that align with international standards and investor demand. At the same time, the SEC will be better positioned to monitor, inspect, and regulate exchanges and business operators, as well as set appropriate contract specifications to reduce risks and impacts on investors and the overall capital market.
The Ministry of Finance emphasized that its support for the SEC in this effort is intended to strengthen Thailand’s derivatives market in step with the new era of global investment—balancing financial innovation with investor protection—so TFEX can become a stable and sustainable mechanism supporting Thailand’s transition to a green and digital economy.
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