An Introduction to Futures Trading | Free Seminar By CIMB Investment Bank Berhad
CIMB Investment Bank Berhad will be organizing a Free Seminar called An Introduction to Futures Trading on 19th May 2011 (Thursday) at CIMB Securities, Tropicana City Office Tower.
You’ll be introduced to the facility on how to trade futures which include the FTSE Bursa Malaysia KLCI Futures(FKLI) & Crude Palm Oil Futures (FCPO).
Workshop outline:-
· What is futures trading?
· Why trade futures?
· How to start futures trading?
· Performing buy & sell
· Charts
Workshop details: –
Date: 19th May 2011 (Thursday)
Programme
12:30 pm – Registration
12:45 pm – An Introduction to Futures Trading
1:30 pm – Q & A
1.45 pm – End of workshop
Venue:
CIMB Investment Bank Berhad, Ground Floor, Tropicana City Office Tower, 3 Jalan SS20/27, 47400 Petaling Jaya, Selangor
Take this opportunity to learn how to make money from Futures Trading via FTSE Bursa Malaysia KLCI Futures(FKLI) & Crude Palm Oil Futures (FCPO)
For registration, please contact 603 7717 3210 / 3318 not later than 18th May 2011 (Wednesday).
** Registration is on a first-come-first-serve basis.
Contract Specifications for Crude Palm Oil Futures (FCPO)
EXCHANGE
Bursa Malaysia Derivatives (BMD)
PRODUCT SYMBOL
FCPO
CONTRACT SIZE
25 metric tons
PRICING UNIT
Ringgit Malaysia
TICK SIZE (Minimum Fluctuation)
RM1.00 per metric ton
CONTRACT MONTHS
Spot month, the next 5 succeeding months, and thereafter, alternate months up to 24 months forward
TRADING HOURS
1st session: 10:30 a.m. to 12:30 p.m.,
2nd session: 3:00 p.m. to 6:00 p.m.
DAILY PRICE LIMIT
When at least 3 non-spot month contracts are trading at the 10% limit above or below the previous day settlement price, the trading will halt for 10-minute and thereafter will enter into a 5-minute pre-opening period. The limit will then be expanded to not more than 15% above or below the previous day settlement price. There shall be no price limit for the spot month.
SETTLEMENT TYPE
Physical Delivery
LAST TRADE DATE
Contract expires at noon on the 15th day of the spot month or if the 15th day is a non-market day, the preceding Business Day.
TENDER PERIOD
First Business Day to the 20th day of the delivery month. If the 20th is a non-market day, the preceding Business Day.
CONTRACT GRADE AND DELIVERY POINTS
Crude palm Oil of good merchantable quality, in bulk, unbleached, in Port Tank Installations approved by the Exchange located at the option of the seller at Port Kelang, Penang/ Butterworth and Pasir Gudang (Johor). Free Fatty Acids (FFA) of palm oil delivered into Port Tank Installations shall not exceed 4% and from Port Tank Installation shall not exceed 5% Moisture and Impurities shall not exceed 0.25% Deterioration of Bleachability Index (DOBI) value of palm oil delivered into Port Tank Installations shall be at a minimum of 2.5 and of palm oil delivered from Port Tank Installations shall be at a minimum of 2.31.
DELIVERY UNIT
25 metric tons, plus or minus not more than 2%.
SPECULATIVE POSITION LIMIT
500 contracts net long or net short on the spot month.
5,000 contracts on any single month except for the spot month.
8,000 contracts on all contract months combined.
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Palm Oil Futures – Bloomberg
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Contract Specifications for FBM Kuala Lumpur Composite Index Futures (FKLI)
EXCHANGE
Bursa Malaysia Derivatives (BMD)
PRODUCT SYMBOL
FKLI
CONTRACT SIZE
FBM KLCI multiplied by RM50.00
PRICING UNIT
Ringgit Malaysia
TICK SIZE (Minimum Fluctuation)
0.5 index point valued at RM25.00
CONTRACT MONTHS
Spot month, the next month, and next 2 calendar quarterly months. The calendar quarterly months are March, June, September and December
TRADING HOURS
1st session: 8:45 a.m. to 12:45 p.m.,
2nd session: 2:30 p.m. to 5:15 p.m.
DAILY PRICE LIMIT
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 5 business days before expiration.
SETTLEMENT TYPE
Cash settlement based on the Final Settlement Value
LAST TRADE DATE
The last Business Day of the Contract Month
SPECULATIVE POSITION LIMIT
10,000 contracts, net gross open position