Thailand Futures Exchange forced to close for two days

20 May 2010

The Thailand Futures Exchange has suspended trading for two days after protesters set fire to its building on Wednesday May 19. It hopes to restart trading on Monday May 24.

‘Red Shirt’ supporters of exiled former prime minister Thaksin Shinawatra have been protesting in the capital for more...

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“A lot of banks have spent a lot of money calculating the cheapest way to collateralise their positions, and they’ve hired some very bright mathematicians to do it. Why would they gamble all of that by using the cheapest clearing house?”

Senior rates players believe fears of a race to the bottom among clearing houses has been overstated.

Thailand Futures Exchange forced to close for two days

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