GLOBAL X S&P CRUDE OIL FUTURES ENHANCED ER ETF Shs Thailand Depositary Receipts Repr 1 Sh
SSET:OIL2422.50
THB
+0.40
(+1.81%)
GLOBAL X S&P CRUDE OIL FUTURES ENHANCED ER ETF Shs Thailand Depositary Receipts Repr 1 Sh
SET:OIL24
(Stock Exchange of Thailand)
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22.50
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Global X S&P Crude Oil Futures Enhanced ER ETF Shs Thailand Depositary Receipts Repr 1 Sh (SET: OIL24) is an exchange-traded depositary receipt structured and issued by Finansia Syrus Securities Public Company Limited to provide Thai investors with direct, local-currency exposure to global crude oil commodities. Headquartered in Bangkok, Thailand, and listed on the Stock Exchange of Thailand, the security represents a beneficial ownership interest on a one-to-one ratio in the Hong Kong-domiciled Global X S&P Crude Oil Futures Enhanced ER ETF (HKEX: 3097), which is managed by Mirae Asset Global Investments (Hong Kong) Limited. The instrument operates within the asset management and exchange-traded products segment, catering to retail, accredited, and institutional investors seeking energy commodity allocation, inflation hedging, and tactical trading capabilities without requiring foreign brokerage accounts or holding physical commodities. The entity's primary product and service offerings encompass Thai Baht-denominated depositary receipt issuance and secondary market liquidity on the Stock Exchange of Thailand; direct pass-through economic exposure to the S&P GSCI Crude Oil Enhanced Index Excess Return; dynamic futures contract rolling mechanisms tracking West Texas Intermediate (WTI) Light Sweet Crude Oil futures traded on the New York Mercantile Exchange (NYMEX); collateral and liquidity management supported by high-quality money market instruments and cash equivalents; and cross-border depositary administration, corporate action processing, and registry services. Geographically, the depositary receipt is traded, settled, and cleared in Thailand, with its underlying fund domicile and management situated in Hong Kong, and its derivative underlying assets traded on financial exchanges in the United States. In recent developments, Finansia Syrus Securities listed the OIL24 Depositary Receipt on the Stock Exchange of Thailand to expand its cross-border depositary receipt suite and broaden domestic investor access to commodity-linked instruments. Additionally, the issuer has strengthened its market-making partnerships to enhance intraday liquidity and tighten bid-ask spreads, optimized cross-border custody operations with regional depository partners, and broadened investor educational resources regarding futures curve roll methodologies aimed at mitigating structural contango effects across global energy market cycles.