SET welcomes S&P 500 derivative warrants

Stocks and Financial Services Press Releases Monday September 28, 2020 09:54
Bangkok--28 Sep--SET

The Stock Exchange of Thailand (SET) will list derivative warrants based on the S&P 500 Index, which comprises 500 U.S.-listed companies, issued by Macquarie Securities (Thailand) Limited and JP Morgan Securities (Thailand) Limited.

SET President Pakorn Peetathawatchai said that SET has continuously supported the development of cross-border products in order to broaden investment opportunities for investors. The S&P 500 DW is the warrant based on the S&P 500 Index which tracks the performance of 500 companies’ shares traded in the U.S. market. The new DW issued by Macquarie Securities (Thailand) Limited and JP Morgan Securities (Thailand) Limited will be traded on SET in the last week of September.

In Thailand, DW has gained more popularity among investors during the last three years. For the eight months of 2020, the average daily trading value jumped 13.4 percent year-on-year to THB 6.46 billion (approx. USD 205.73 million), accounting for around 10 percent of the total market trading value. In addition, there was a 3 percent year-on-year rise in numbers of new series to 2,539. SET last year listed DW based on Hang Seng Index (HSI), the first DW issued over foreign index, and it is now the second most active index DW, after DW on the SET50 Index, with the average daily trading value of THB 291 million representing 4.5 percent of the total DW turnover.

For more information, please visit the DW issuers’ websites and www.set.or.th/dw for general information on DW.
About S&P 500 Index

The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“SPDJI”) and has been licensed for use. S&P(R) and S&P 500(R) are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones(R) is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use and sublicensed for certain purposes. The DW based on the S&P 500 Index are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P or their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such ETFs.


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