Share

Tweet this

Dealing Desk Hotline

(603)-2181 8848

BMD Gold Futures (FGLD) Specifications

EXCHANGE Bursa Malaysia Derivatives (BMD)
PRODUCT SYMBOL FGLD
UNDERLYING ASSET Gold assayed to a minimum 995 fineness based.
SETTLEMENT METHOD Cash settlement
CONTRACT SIZE 100 grams
PRICE QUOTATION Ringgit Malaysia per gram
MINIMUM PRICE FLUCTUATION RM0.05 per gram or RM5 per tick
DAILY PRICE LIMIT There must be no trading at a price more than 10% above or below the settlement prices of the preceding Business Day (“the 10% Limit”) except as provided below:

a. If spot month Contract trades at the 10% Limit, the Exchange will announce a 10-minute cooling off period (“the Cooling Off Period”) for Contracts of all contract months (including the spot month) during which trading may only take place within the 10% Limit for Contracts of all contract months (including the spot month).

b. After the Cooling Off Period, Contracts of all contract months (including the spot month) will be specified as interrupted for a period of 5 minutes, after which the price limit will be expanded to 20%. The prices traded for Contracts of all contract months (including the spot month) must then not vary more than 20% above or below the settlement prices of the preceding Business Day (“the 20% Limit”).

c. If spot month Contract trades at the 10% Limit less than 30 minutes before the end of the first trading session, the 10% Limit will apply to Contracts of all contract months (including the spot month) for the rest of the first trading session, and the 20% Limit will apply to Contracts of all contract months (including the spot month) during the second trading session.

d. If spot month Contract trades at the 10% Limit less than 30 minutes before the end of the second trading session, the 10% Limit will apply to Contracts of all contract months (including the spot month) for the rest of the Business Day.

e. On any Business Day other than the Final Trading Day, the price limits in the above paragraphs apply to trades in Contracts of all contract months including the spot month. On the Final Trading Day, the price limits in the above paragraphs do not apply to trades in spot month Contracts.

SPECULATIVE POSITION LIMIT The maximum number of net long or net short positions for all months combined which a client or a participant may hold or control is 25,000 contracts.
TRADING HOURS Trading Sessions:
0900-1230 hours
1430-1900 hours

Business Days
Follows Kuala Lumpur, Malaysia Business Days

CONTRACT MONTHS Spot month; and

Next 3 calendar months; and

Any February, April, June, August, October and December falling within a 12 month period beginning with the spot month.
LAST TRADING DAY (“LTD”) Last common Business Day of the spot month in both London and KL.

Notes:

If the last Business Day of the spot month is a holiday in London, the Final Trading Day will be the first preceding Business Day that is not a holiday in London.

A new contract will be available for trading on the first KL Business Day of the following month.

FINAL SETTLEMENT PRICE (“FSP”) The Final Settlement Value will be calculated using the London Gold AM Fix (quoted USD/troy oz) on the Final Trading Day adjusted for conversion into RM/gram

USD/RM conversion rate
1700 hours middle rate published on the Final Trading Day on the Bank Negara Malaysia website.

Conversion from Troy Ounce to Grams
1 troy oz = 31.1035768 grams

Rounding Up/Down
Final Settlement Value to be rounded to the nearest RM0.05.

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.