USD Tin Futures (FTIN)
FTIN is a US Dollar ("USD") denominated tin futures contract traded on Bursa Malaysia Derivatives, providing market participants exposure to tin price movements.
| Contract Specifications | |
|---|---|
| Contract Code | FTIN |
| Underlying Instrument | Refined Tin Metal |
| Contract Size | 1 Metric Tons (MT) |
| Contract Months | Spot month and the next 11 succeeding months up to 12 months ahead. |
| Trading Hours | Monday to Friday (Malaysia time)
|
| Pricing Unit | United States Dollar (USD) |
| Price Limits | 1. With the
exception of trades in the current delivery month, trades for future delivery
of Crude Palm Oil in any month, must not be made, during any 1 Business Day, at
prices varying more than 10% above or below the settlement prices of the
preceding Business Day (“the 10% Limit”) except as provided below: (a) When the 10% Limit is triggered (except for the current month), the Exchange will announce a 10-minute cooling off period (“the Cooling Off Period”) for Contracts of all contract months (except the current delivery month) during which trading may only take place within the 10% Limit. (b) Following the Cooling Off Period, Contracts of all contract months will be specified as reserved for a period of 5 minutes, after which the price limit will be expanded to 15%. The prices traded for Contracts of all contract months (except the current month) must then not vary more than 15% above or below the settlement prices of the preceding Business Day (“the 15% Limit”). (c) If the 10% Limit is triggered less than 30 minutes before the end of the morning trading session, the 10% Limit will apply to Contracts of all contract months for the rest of the morning trading session and the 15% Limit will apply to Contracts of all contract months during the afternoon trading session. (d) If the 10% Limit is triggered less than 30 minutes before the end of afternoon trading session, the 10% Limit will apply to Contracts of all contract months for the rest of the afternoon session. (e) If the 10% Limit is triggered 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 (except the current month) for the rest of the after-hours (T+1) trading session and the 15 % Limit will apply to Contracts of all contract months (except the current month) for the following morning and afternoon trading sessions. 2. For the purposes of paragraph 1(a), the 10% Limit will be considered triggered in the manner the Exchange may prescribe * When at least 3 non-spot month contracts are trading at the 10% Limit, the Exchange shall announce a 10-minute cooling off periods |
| Minimum Price Fluctuation | USD 1.00 / MT |
| Why Trade FTIN? |
|---|
- Global Access
FTIN 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.
- Risk Management
Tin miners, refiners, consumers, traders, and dealers can use FTIN to manage risk and hedge against the risk of unfavorable price movement in the physical market.
- 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.
- Immediate Market Exposure
Global fund managers, metals trading advisers and proprietary traders are able to gain exposure to tin price movements.
- Regulated Trading
Trade with confidence in a secure and transparent marketplace regulated by the Securities Commission Malaysia.
| Resources for Download |
| Brochure Performance Bond / Margin Rates
Contract Specifications
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