Classic Gold Futures has met all requirements of TFEX, Thailand Clearing House and the Securities and Exchange Commission, TFEX Managing Director Kesara Manchusree reported.
Classic Gold Futures is a subsidiary of Classic Gold which is more commonly known as Chiab Seng Heng. The parent company, which has been operating for more than 25 years, is recognized as a importer-exporter of bullion, gold ornaments and other jewelry.
Kesara said since its conception, gold futures have been well-received by investors, and TFEX has thus continued to expand the investor base for this instrument. Classic Gold Futures, as a new member of TFEX, will help develop the country’s gold futures trade and make it another successful product in the market.
