J.P. Morgan to Become Biggest Issuer of Derivative Warrants in Thailand

Mar 26, 2019

Thailand team

Photo caption: (From left to right) Mr. Pakorn Buranakul, JPMorgan Securities (Thailand) Director; Ms. Watcharida Boonthaveepat, Director, JPMorgan Securities (Thailand); Mr. Charles Chiang, Managing Director, Asia Pacific Head of Equities and Global Head of Delta One Product;  ML. Chayotid Kridakon, Senior Country Officer of J.P. Morgan Thailand; Dr. Pakorn Peetathawatchai, President, Stock Exchange of Thailand; Dr. Rinjai Chakornpipat, Head of Markets Division and Managing Director of Thailand Future Exchange Public Company; Mr. Marco Sucharitkul, Managing Director, Asia Institutional Client Management and Mr. Tosapol Kerdphol, JPMorgan Securities (Thailand) Thai Warrants Sales at J.P. Morgan’s media briefing at the Stock Exchange of Thailand announcing plans to become largest issuer of derivative warrants in Thailand.

Bangkok, Thailand, March 26, 2019 – J.P. Morgan, the number one player in the largest derivative warrants market in the world, is set to become the biggest issuer of the financial instrument in Thailand by the end of 2019, catering to the strong investor demand in the country.

The leading global financial services firm, which recently launched its derivative warrants business in Thailand, expects to list at least 400 derivative warrants on the Stock Exchange of Thailand (SET) by the year-end, making the firm the biggest provider of the product at the exchange. The listings will also soon include both foreign index and foreign single stock derivative warrants, marking the first time foreign derivative warrants are being offered by a securities firm in Thailand since the Securities and Exchange Commission gave approvals in October last year for such issuances.

J.P. Morgan is also the first in the Thai market to offer both flexible and fixed volatility warrants with the same strike price and maturity date, which mean lower holding costs and more product options for investors. 

By expanding into Thailand, J.P. Morgan is leveraging its best-in-class expertise and track record in the derivative warrants business to serve retail investors in Thailand; the bank is the top player in Hong Kong’s derivative warrants business in terms of sales since 2014, and Hong Kong is the biggest derivative warrants market in the world in terms of turnover since 2007 based on data from the World Federation of Exchanges.

“The SET’s plan to expand the scope of derivative warrants to include foreign listings will strengthen the market by providing more investment opportunities. The entry of J.P. Morgan, as a leading global financial services firm, will bring diversity to Thailand’s derivative warrants product offering and provide investors with greater choice and knowledge of the market,” said Dr. Pakorn Peetathawatchai, President of the Stock Exchange of Thailand

“The growth of our newly-launched derivative warrants business in Thailand is testament to the strength of J.P. Morgan’s global franchise and our continued investment into the Thai market. By leveraging the breadth of our international networks and relationships with regulators, we are now able to provide Thai investors access to these foreign instruments. Our offerings have not only broadened the variety of derivative warrants being offered in Thailand, but also elevated their quality due to the way our instruments are structured and priced,” said Chayotid Kridakon, Senior Country Officer of J.P. Morgan Thailand.

Thailand is one of the fastest-growing derivative warrants markets in Asia.  There are today more than 1,600 listed warrants on the SET since the financial instrument was first introduced to the market in 2009.

J.P. Morgan’s derivative warrants will be trading with issuer code of “DW41”. Visit the website (www.JPMorganDW41.com) or call J.P. Morgan DW41 hotline 02-684-2600 for the full list of products on offer.

 

 

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