Share

Tweet this

Dealing Desk Hotline

(603)-2181 8848

Retail Transaction Incentive Program (RTIP) (for retailers)

The Retail Transaction Incentive Program (RTIP) is a business initiative by Bursa Malaysia Derivatives (BMD):

  • Targeting primarily the existing Local Participants (Locals) and interested individual traders.
  • RTIP will be an alternative incentive program to encourage Locals to continue trading in BMD as individual traders due to the abolishment of the 50% tax abatement (as at 1st January 2017).
  • Key objective of RTIP is to provide an avenue for Locals to convert themselves to become individual traders and still enjoy the fee incentive provided by BMD

Criteria to apply for RTIP

Eligibility

  • Individuals (retailers and Locals) are qualified to apply for RTIP.

Application

  • To complete the relevant Application Form to establish the contractual relationship which will be valid for 1 year.

Annual Administration Fee

  • A fee of RM6,000 per annum (RM500 a month) ensuring genuine interested individuals.

Benefit of the RTIP

Fee Incentives

  • Same as the existing Exchange and Clearing Fees incentives accorded to Locals.

Scratch Trades

  • Require to meet monthly minimum volume requirement of 1,000 lots.

Incentives

  • The following exchange and clearing fees will apply to Participants of the Program:

FKLI Exchange and Clearing Fees

Type of Trades Outright Spread Intraday Scratch*
Fees Payable RM4** RM2** RM2** RM0**

FCPO Exchange and Clearing Fees

Type of Trades Outright Spread Intraday Scratch*
Fees Payable RM3 RM2 RM2 RM0

FGLD Exchange and Clearing Fees

Type of Trades Outright Spread Intraday Scratch*
Fees Payable RM0** RM0** RM0** RM0**

* The incentives for scratch trades are only applicable if the Participants transacts 1,000 lots or more per month all products combined.

** Based on current rebate BMD is providing to Local Participants for FKLI Intraday and Spread Trade fees and FGLD fees.

Note: The tracking of trade volume will be carried out by BMD. The trade volume in respect of the Participant shall be considered final and may only be disputed in the event of apparent gross error.

Let’s talk!
We are an equal opportunities partner and we welcome enrollments from all qualified professional traders. Please contact me directly for further enquiries and interest:
Ryan Chua
03-21818848
E-mail: ryanchua@opf.com.my

For individual trader, please read the benefits, eligibility and step-by-step application guidelines to apply for Local Participant instead.

Comparison between Local Participant & Associate Participant

Page last updated 23 January 2017

SiteLock