Products
Gold Futures (FGLD)
FGLD is a US Dollar denominated and Ringgit
Malaysia settled Gold Futures contract traded on Bursa Malaysia Derivatives
designed to provide market participants with exposure to international gold
price movements.
Contract Specifications | |
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Contract Code | FGLD |
Underlying Instrument |
Gold assayed to a minimum of 995 fineness or such other technical specification of gold underlying LBMA Gold Price AM. |
Contract Multiplier | 40 per contract unit |
Contract Size |
1 contract = the reference price per troy ounce multiplied by the Contract Multiplier. |
Minimum
Price Fluctuation
|
USD 0.10 per contract unit. The value per tick is equivalent to MYR 4.00. |
Contract Months |
Spot month; and Next 3 calendar months; and Any February, April, June, August, October and December falling within a 12-month period beginning with the spot month. |
Trading Hours | Monday to Friday (Malaysia Time)
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Price Limits |
There must be no trading at a price more than 10% above or below the latest Daily Settlement Price (“the 10% Limit”) except as provided below:
(b) 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 (including the spot month) must then not vary more than 20% above or below the latest Daily Settlement Price (“the 20% Limit”).
(c) If spot month Contract trades at the 10% Limit less than 30 minutes before the end of the morning trading session, the 10% Limit will apply to Contracts of all contract months (including the spot month) for the rest of the morning trading session, and the 20% Limit will apply to Contracts of all contract months (including the spot month) during the afternoon trading session.
(d) If spot month Contract trades at the 10% Limit less than 30 minutes before the end of the afternoon trading session, the 10% Limit will apply to Contracts of all contract months (including the spot month) for the rest of the afternoon trading session.
(e) If spot month Contract trades at the 10% Limit less than 30 minutes before the end of the after-hours (T+1) trading session, the 10% Limit will apply to Contracts of all contract months (including the spot month) for the rest of the after-hours (T+1) trading session, and the 20% Limit will apply to Contracts of all months (including the spot month) for the following morning and afternoon trading sessions. (f) 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.
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Final Trading Day |
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Settlement Method | Cash settlement is based on the final settlement value. |
Speculative Position Limits | The maximum number of net long or net short positions for all months combined which a client or a participant may hold, or control is 20,000 contracts. |
Final Settlement Value |
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Why Trade FGLD? |
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- Global Access
FGLD is traded electronically on CME GLOBEX®, a global electronic trading platform. Accessing CME Globex® is easy and allows individual and professional traders anywhere around the world to access all Bursa Malaysia Derivatives products.
- Take Advantage of Both Bull and Bear Markets
FGLD provides retail investors an avenue to access the international gold market. Buy low and sell high for a bullish outlook on the movement of international gold prices, and vice versa for a bearish outlook.
- Regulated Trading
Trade with confidence in a secure and transparent marketplace regulated by the Securities Commission Malaysia.
- Leveraged Trading
Gain leveraged exposure to the notional value of the underlying asset with a relatively small amount of capital (Initial Margin), magnifying the effect of a given change in price.
- Risk Management
FGLD can be used by the gold industry players to hedge against the risk of unfavorable price movement in the physical market.
Resources for Download & Related Links Brochure
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