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Bursa Malaysia Derivatives (BMD) offers 3 categories of derivatives: Commodity Derivatives, Equity Derivatives and Financial Derivatives.

USD Tin Futures (FTIN)

Commodity Derivatives

To Access BMD product prices / code on CME GLOBEX® Electronic Trading Platform

Example:

Accessing BMD product prices / code on CME GLOBEX Electronic Trading Platform
FGLD: BMD\FGLD\OCT14
Please type BMD\FGLD\relevant contract month code
FKLI: BMD\FKLI\Dec14
Please type BMD\FKLI\relevant contract month code
FCPO: BMD\FCPO\MAR15
Please type BMD\FCPO\relevant contract month code
FPOL: BMD\FPOL\MAR15
Please type BMD\FPOL\relevant contract month code
KLIBOR: BMD\FKB3\MAR15
Please type BMD\FKB3\relevant contract month code
3 YRS BOND: BMD\FMG3\MAR15
Please type BMD\FMG3\relevant contract month code
5 YRS BOND: BMD\FMG5\MAR15
Please type BMD\FMG5\relevant contract month code
OKLI: BMD\OKLI\DEC14
Please type BMD\OKLI\relevant contract month code

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USD Tin Futures (FTIN)

Contract Specification

Tin Futures (FTIN)
Contract CodeFTIN
Underlying Instrument Refined tin metal of ASTM Grade A specification B 339.93, with a minimum tin content of 99.85% Sn of any of the brands which are approved by the Board of the Kuala Lumpur Tin Market (KLTM), or such other technical specification of refined tin metal underlying the physical tin official price published by the Kuala Lumpur Tin Market (“KLTM Price”) from time to time.
Settlement Method Cash Settlement
Contract Size 1 metric tonne
Minimum Price Fluctuation 1 US Dollar per metric tonne
Contract Months Spot month and the next 11 succeeding months up to 12 months ahead.
Trading Hours Monday to Friday
Trading Sessions:(Malaysian Time)
0900 – 1200 hours
1330 – 1500 hours

Business Days:
Follows KL Business Days
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:

  • 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).
  • After the Cooling Off Period, Contracts of all contract months (including the spot month) will be specified as reserved 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 settlement prices of the preceding Business Day (“the 20% Limit”).
  • 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.
  • 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.
  • 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
Final Trading Day and Maturity Date Contract expires at noon on the 15th day of the spot month, or if the 15th is a non-market day, the preceding Business Day.
Final Settlement Value On the last trading day, the Final Settlement Value will reference against the official physical tin price published by KLTM.
Speculative Position Limit The maximum number of net long or net short positions which a client or a participant may hold or control is:
500 contracts for the spot month
1000 contracts for all months combined

Resources for Download

Brochure
English
5 MB (PDF)

Contract Specification
English
0.247 MB (PDF)


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