Thailand Futures Exchange (TFEX) will introduce 10 more single stocks futures to the market in January in addition to the existing blue-chip stock futures, including PTT, PTTEP and ADVANC, said managing director Kesara Manchusree.

TFEX is talking with the brokerage firms to introduce more single stock futures to investors. Initially, it will pick top 20 stocks from the SET 50 due to their high daily trading volume.

TFEX said it have yet to calculate the appropriate margin for the single stock futures and 10 new single stock futures will add to the list by the first quarter next year.

TFEX move of adding new stock futures was in response to investors and brokerage companies’ queries for new risk hedging equity.

The Securities and Exchange Commission said it will allow long term mutual fund (LTF) investing in the stock futures to promote the instrument.

In the meantime, TFEX is cooperating with the Transaction Clearing House (TCH) to allow conversion between stocks futures and cash, which expected to be ready by the second half of 2009.

Ms. Kassara said investors remain studying the new investment instrument, because it was just introduced late in November and amid the global stock market crash.