Trading
Information on Derivatives trading can be found here, such as trading procedures, sessions and circulars.
Trading Procedures
How To Open A Futures Trading Account
Both Individual and Corporate clients are required to open a Futures Trading Account prior to executing any futures trades with a licensed Trading Participant (Futures Broker). Please be informed that you are required to complete the risk disclosure documents and all other required documentation before trading is able to commence. The 5 easy steps are as follows :
Trading Manual
Trading Manual
371 KB (PDF)
Connecting to BMD
Connecting to BMD
579 KB (PDF)
Note:
* Estimated time to open an account: 2-5 working days (with complete submission of documentation). Please note that the application process and duration will differ from one broker to another. Some accounts may take longer to open depending on the documentation that was provide
Internet Orders
This electronic mode of communication via the internet allows the client to key-in his/her orders directly after taking a position of the direction of the market. The client is in control of his/her own orders and not dependent on the broker to execute it. After deciding on a trading position (buy or sell), the client has the ability to enter his/her own orders, amend, cancel and check the order status at his/her own convenience.
The process flow is as follows :
Please contact your preferred Trading Participant below for further information to find out more information on internet trading :
Voice Orders
This is a verbal mode of communication between the client and his/her broker for trading advice and order execution. Although this mode provides interaction between the two parties, the order execution process is highly dependant on the availability of the broker to take the call and the waiting time that may lapse if the telephone line is engaged. The client has to communicate verbally on all matters pertaining to his/her orders which include order entry, order change, order withdrawal and order status enquiries (whether it is completed or partially filled).
The process flow is as follows :
