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BMD Mini FTSE Bursa Malaysia Mid 70 Index Futures Contract (FM70) Specifications

EXCHANGE Bursa Malaysia Derivatives (BMD)
PRODUCT NAME Mini FTSE Bursa Malaysia Mid 70 Index Futures Contract
PRODUCT CODE FM70
LAUNCH DATE 27 August 2018
INITIAL MARGIN RM800 during launch.
Initial margin may change from time to time at the discretion of the Exchange. Please call our Dealing Desk at 03-21818848 to enquire.
UNDERLYING INSTRUMENT FTSE Bursa Malaysia Mid 70 Index (FBM Mid 70).

Benefits:
• FM70 tracks the FTSE Bursa Malaysia Mid 70 Index (FBM Mid 70) as its underlying instrument, providing investors exposure to all the 70 companies of the FBM Mid 70 via a single futures contract.
• FM70 contract essentially allows investors to trade and invest in the combined potential of this group of companies which make up part of the top 100 companies listed on the exchange.

SETTLEMENT METHOD Cash Settlement based on the Final Settlement Value.
CONTRACT SIZE FBM Mid 70 multiplied by the contract multiplier.

The contract value is equivalent to the index points of the FBM Mid 70 multiplied by RM2, which currently brings the value of the contract to approximately RM30,000.
MINIMUM PRICE FLUCTUATION 1 index point = RM2.00
CONTRACT MONTHS Spot month, the next month and the next two calendar quarterly months.

The calendar quarterly months are March, June, September and December.

TRADING HOURS 1st Trading Session:
Malaysian Time 08:45 a.m. – 12:45 p.m.

2nd Trading Session:
Malaysian Time 14:30 p.m. – 17:15 p.m.
(Follows Malaysian Time)

Trading Days:
Follows Kuala Lumpur, Malaysia official business days. Observe the national and local holidays.

DAILY PRICE LIMITS • 20% per trading session for the respective contract months except the spot month contract.
• There shall be no price limits for the spot month contract.
• There will be no price limit for the second month contract for the final five Business Days before expiration of the spot month contract.
FINAL TRADING DAY Contract expires on the last Business Day of the contract month.
FINAL SETTLEMENT VALUE The Final Settlement Value shall be the average value, rounded to the nearest index point (values of 0.5 and above being rounded upwards), taken at every 15 seconds or at such intervals as may be determined by the Exchange from time to time from 3.45:30 p.m. to 4.45:15 p.m. plus one value after 5.00pm of the FBM Mid 70 on the Final Trading Day excepting the 3 highest and 3 lowest values.
SPECULATIVE POSITION LIMIT Maximum number of net long or net short positions to be held: 20,000 contracts for all months combined.
OPF launching rate for FM70 RM12 flat (RM6 per side, RM12 return).
*Special launching promotion rate valid until 30th September 2018 only.

To trade this product, access it from your Trading Platform.

RECOMMENDATIONS

I’m interested to trade but I don’t have an account. Where do I start?

If you are new to futures trading, we highly recommend you read through each of these informative links on how to get started.

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