The first Thai stock exchange was established in July 1962 in the form of a limited partnership. In 1963, the stock exchange was registered as a limited company and its name changed to the Bangkok Stock Exchange (BSE). Although the BSE provided a good venue for trading shares, it garnered limited attention. The BSE finally ceased operations in the early 1970s.
In May 1974, long awaited legislation establishing the Securities Exchange of Thailand (SET) was enacted to provide for securities trading in order to promote savings and mobilize domestic capital. By 1975, the basic legislative framework was in place and on April 30, 1975, the Securities Exchange of Thailand officially started trading. On January 1, 1991, the name was formally changed to the Stock Exchange of Thailand (SET).
The Thailand Futures Exchange (TFEX), a subsidiary of the Stock Exchange of Thailand (SET), was established on May 17, 2004 as a derivatives exchange. It is governed by the Derivatives Act of 2003 and is under the supervision of the Securities and Exchange Commission (SEC). TFEX received its license and permission to trade derivatives products from the SEC on Feb 11, 2005.