The Agricultural Futures Exchange of Thailand (AFET) will this year prove popular with brokerages as they strive to diversify revenue amid intense competition and smaller trading commissions.
The securities industry was fully liberalised a year ago, and while the effect has not been as bad as previously feared, tightening competition is prompting securities brokers to turn more to the futures market.
AFET's board yesterday named KT Zmico Securities as the latest broker, retroactive to Dec 20, 2012. It becomes the third securities firm to join AFET as a brokerage member, after Phillip Securities and Asia Plus Securities.
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