Trading
Information on Derivatives trading can be found here, such as trading procedures, sessions and circulars.
Trading Parameters
The trading parameters are values which are applicable to BMD’s error trade policy and market integrity features established in the trading system. These values are determined by the Exchange and are subject to change based on prevailing market conditions.
Futures Contracts
| Maximum Quantity | Price Banding | Protection Points | Stop Spike Range | Non-Reviewable Range | |
|---|---|---|---|---|---|
| FKLI | 500 | +/- 80 ticks | +/- 40 ticks | +/- 100 ticks | +/- 100 ticks |
| FCPO | 500 | +/- 80 ticks | +/- 40 ticks | +/- 100 ticks | +/- 100 ticks |
| FPKO | 500 | +/- 80 ticks | +/- 40 ticks | +/- 100 ticks | +/- 100 ticks |
| FUPO | 500 | +/- 96 ticks | +/- 48 ticks | +/- 120 ticks | +/- 120 ticks |
| FKB3 | 500 | +/- 80 ticks | +/- 40 ticks | +/- 100 ticks | +/- 100 ticks |
| FMG3 | 500 | +/- 80 ticks | +/- 40 ticks | +/- 100 ticks | +/- 100 ticks |
| FMG5 | 500 | +/- 80 ticks | +/- 40 ticks | +/- 100 ticks | +/- 100 ticks |
Option Contracts
| Maximum Quantity | Price Banding | Protection Points | Bid/Ask Reasonability | Non-Reviewable Range | |
|---|---|---|---|---|---|
| OKLI OCPO |
500 | Dynamic | +/- 2 ticks | The greater of the delta times the underlying futures Non-Reviewable Range or 20% of the fair value premium up to the underlying futures Non-Reviewable Range with a minimum reasonability of 50 ticks | 20% of premium up to ¼ of the underlying futures Non-Reviewable
Range with a minimum of 1 tick |