PRODUCTS
Mini FTSE Bursa Malaysia Mid 70 Index Futures (FM70)
FM70 is a Ringgit Malaysia (“MYR”) denominated Mini FTSE Bursa Malaysia Mid 70 Index Futures contract traded on Bursa Malaysia Derivatives providing market participants exposure to the underlying FTSE Bursa Malaysia Mid 70 Index (FBM Mid 70) constituents.
Contract Specifications | |
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Contract Code | FM70 |
Underlying Instrument | FTSE Bursa Malaysia Mid 70 Index (FBM Mid 70) |
Contract Size | FBM Mid 70 multiplied by MYR 4.00 |
Minimum Price Fluctuation | 5 index points valued at MYR 20.00 |
Daily Price Limits | 20% per trading session for the respective contract months except the spot month contract. There shall be no price limits for the spot month contract. There will be no price limit for the second month contract for the final five Business Days before expiration of the spot month contract. |
Contract Months | Spot month, the next month and the next two calendar quarterly months. The calendar quarterly months are March, June, September and December. |
Trading Hours | Monday to Friday (Malaysia time)
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Final Trading Day | The last Business Day of the contract month. |
Final Settlement | Cash Settlement based on the Final Settlement Value. |
Final Settlement Value | The Final Settlement Value shall be the average value, rounded to the nearest multiple of 5 index points (values of 2.5 and 7.5 and above being rounded upwards), taken at every 15 seconds or at such intervals as may be determined by the Exchange from time to time from 3.45:30 p.m. to 4.45:15 p.m. plus one value after 5.00 p.m. of the FBM Mid 70 on the Final Trading Day excepting the 3 highest and 3 lowest values. |
Speculative Position Limit | Maximum number of net long or net short positions to be held: 15,000 contracts for all months combined |
Why Trade FM70? |
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- Exposure to constituents of FBM Mid 70
Gain exposure to all the 70 constituents of the FBM Mid 70 with a single futures contract.
- Leveraged trading
In the futures market, you only need to deposit a small percentage of the notional value of the contract (known as Initial Margin). This “leverage” allows you to have greater exposure to the underlying index at a fraction of the total contract value.
- Ability to short sell
Trading the FM70 allows you to sell first and purchase later to close out your trading positions.
- Arbitrage
Capitalise on arbitrage opportunities arising from price differences between FM70 and the underlying index. - Global Access
FM70 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.
Resources for Download |
Brochure Performance Bond / Margin Rate
Contract Specification
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