Trading. Bursa Malaysia Trading Phases. Malaysian Trading Hours Commodity Futures (FCPO)

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1 Trading 1. What are the trading hours? Bursa Malaysia Derivatives operates from Monday to Friday except on Saturday, Sunday and Public Holidays) during the following hours: Bursa Malaysia Trading Phases Malaysian Trading Hours Financial Futures (FKLI) Pre Opening 08:15:00 10:00:00 No Cancellation * 08:44:30 10:29:30 Trading 08:45:00 10:30:00 Morning Session Close 12:45:00 12:30:00 Afternoon Session Pre-opening 14:00:00 14:30:00 No Cancellation * 14:29:30 14:59:30 Trading 14:30:00 15:00:00 Market Close/Surveillance 17:15:00 18:00:00 End of Day 17:30:00 18:15:00 Malaysian Trading Hours Commodity Futures (FCPO) No Cancellation * = A predetermined time before the session opens when traders can only enter orders for the trade date but cannot cancel, execute or modify orders. US Markets Futures Malaysian Trading Hours CME E-Mini NASDAQ 100 Futures ; Nikkei 225 US$ Futures Soybean Oil Futures ; Soybean Futures ; CBOT Mini Dow Futures ($5) ; Wheat Futures ; Corn Futures ; Light Sweet Crude Oil Futures NYMEX Gold Futures (COMEX) Silver Futures (COMEX) Copper Futures (COMEX)

2 NYBOT Cocoa Futures Cotton No.2 Futures Coffee Futures Sugar No.11 Futures (ICE) Asia Pacific Markets Futures Malaysian Trading Hours SGX SGX MSCI Taiwan Index Futures ; SGX MSCI Singapore Index Futures ; HKFE Mini Hang Seng Index Futures ; What are the non-trading days for the year 2012? Malaysia Year 2012: New Year's Day 2 January 2012 Chinese New Year 23 January 2012 & 24 January 2012 Federal Territory Day 1 Februaru2012 Birthday of Prophet Muhammad 6 February 2012 Thaipusam 7 February 2012 Workers' Day 1 May 2012 Hari Raya Puasa 20 August 2012 & 21 August 2012 National Day 31 August 2012 Malaysia Day 17 September 2012 Hari Raya Haji 26 October 2012 Deepavali 13 November2012 Awal Muharram 15 November 2012 Christmas Day 25 December

3 Singapore Year 2012 New Year's Day 2 January 2012 Chinese New Year 23 January 2012 & 24 January 2012 Good Friday 6 April 2012 Labour Day 1 May 2012 National Day 9 August 2012 Hari Raya Puasa 20 August 2012 Hari Raya Haji 26 October 2012 Deepavali 13 November 2012 Christmas Day 25 December 2012 Hong Kong Year 2012 New Year's Day 2 January 2012 Lunar New Year 23 January 2012, 24 January 2012 & 25 January 2012 Ching Ming Festival 4 April 2012 Good Friday 6 April 2012 Easter Monday 9 April 2012 Labour Day 1 May 2012 Hong Kong Special Administrative Region Establishment Day 2 July 2012 Mid Autumn Festival 1 October 2012 National Day 2 October 2012 Chung Yeung Festival 23 October 2012 Christmas Day 25 December 2012 & 26 December

4 US Year 2012 New Year's Day 2 January 2012 Martin Luther King, Jr. Day 16 January 2012 Washington's Brithday / Presidents' Day 20 February 2012 Good Friday 6 April 2012 Memorial Day 28 May 2012 Independence Day 4 July 2012 Labor Day 3 September 2012 Thanksgiving Day 22 November 2012 Christmas Day 25 December Where can I find more information on investment terms? Please refer to the Bursa Malaysia Website Glossary. 4

5 4. What Types of orders are available? Bursa Derivatives Products: a) Limit Order A limit order is an order which stipulates a price. Buy limit orders shall be matched at the stipulates prices or lower and sell limit orders shall be matched at the stipulates price or higher. b) Market Order An order that is entered with no price stipulation. It will be matched at the best available opposite price to the fullest extent immediately upon its entry. c) Market on Opening Order Order can be entered in the Pre-Opening Phase. To be executed at the auction price. d) Stop Order Stop Loss - becomes market order once triggered. Stop Limit - becomes limit order once triggered. e) Market-To-Limit-Order An order with no price stipulation. A buy market-to-limit order shall be matched immediately at the lowest sell price. A sell market-to-limit order shall be matched immediately at the highest buy price. Thereafter, any remaining unexecuted quantity of the order shall be converted into a limit order at the matched price. Foreign Markets Derivatives Products: a) Market Order An order that is to be executed at the best possible price when the order reaches the ring. b) Limit Order is an order to buy at the limit price or lower or to sell at the limit price or higher. c) Market on Close Order requests the broker to execute the transaction at a price as close as possible to the closing price. d) Stop Order to limit your losses if the market moves against your position. to initiate positions when a market breaks above or below resistance; or a market breaks to new highs or lows. 5

6 e) Stop Limit Order automatically converts into a limit order (not a market order) when the stop price is reached. 5. What is the available validity type? a) Good For Day Valid for the trading day b) Good Till Date Valid until a specified date c) Good Till Cancel Valid until the order is cancelled d) Session Valid for the trading session 6. What are the available fill types? a) Fill and kill Unmatched portion of the order shall be automatically cancelled by the system. b) Minimum Quantity A specified minimum quantity of the order shall be executed immediately upon entry of the order, failing which the whole quantity of the order shall be cancelled. 7. Is there a limit I can trade electronically? Yes, you can trade online as long as there is sufficient margin amount in your trading account. 8. How can I adjust my trading limit? The only way to adjust you trading limit is to perform intra-day trading which required less margins or to top up more funds. Please contact your Futures Broker Representatives (FBR) for more information. 6

7 9. What is the minimum number I can place per order? The minimum number of order you can place is 1 lot. 10. What are the bid sizes for the respective markets? Exchange Products Value/Tick US Markets: CME E-Mini NASDAQ 100 Futures 0.25pt = USD 5 Nikkei 225 US$ Futures 5pt = USD 25 Soybean Oil Futures $0.01 =USD 6 Soybean Futures $ = USD CBOT Mini Dow Futures ($5) 1pt = USD 5 Wheat Futures $ = USD Corn Futures $ = USD Light Sweet Crude Oil Futures $0.01 = USD 10 Gold Futures (COMEX) $0.10 = USD 10 Silver Futures (COMEX) $0.005 = USD 25 NYMEX Copper Futures (COMEX) $ = USD NYBOT Cocoa Futures $1 = USD 10 Cotton No.2 Futures $0.01 = USD 5 Coffee Futures $0.05 = USD Sugar No.11 Futures $0.01 = USD Asia Pacific Markets: SGX MSCI Taiwan Index Futures 0.1 = USD 10 SGX SGX MSCI Singapore Index Futures 0.1 = SGD 20 HKFE Mini Hang Seng Index Futures 1pt = HKD 10 BMD Kuala Lumpur CompositeIndex Futures 0.5 = MYR 25 Crude Palm Oil Futures 1 = MYR 25 7

8 11. Can I place an order for the next trading day when the market is closed? No, the earliest order placements can only be available during pre-opening sessions. 12. Can I place an order for the next trading day when the market is closed? No, the earliest order placements can only be available during pre-opening sessions. 13. How can I check my order status? For Bursa: You can check the status of the order under the 'Status' column in the Order Book. The Status Legend can be found near the bottom of the Order Book. Status Description Status Description P Partially Filled Order C Cancelled Order Accepted in Queue F Filled Order BC Balance Cancel W Working Order OP Outstanding Part-Fill Q Queued I Inactive Order R Rejected Order CP Cancel Pending OF Outstanding Fill E Expired Oder HO Held Order 14. How do I know that my orders are filled? Orders that are filled will reflect the status 'F' in the Order Book. Orders that are partially fill will reflect the status 'P' in the Order Book. 15. What kind of order amendments can I make? Order that have not been filled yet, you can: Increase or reduce the price, and/or Increase or reduce the quantity. 8

9 16. Will I lose my position in queue after I amend my order? You will not lose your position in the order queue if you reduce the quantity. For other amendment types, your position in the order queue will changed. 17. How can I withdraw my orders if I am not logged on to the platform? You can contact your Futures Broker's Representative or Client Services at during operating hours to withdraw orders that are not filled. 18. What happends to my orders that are not done by the end of the trading day? Orders will automatically expire when they are not filled by the end of the trading day. You will need to re-enter the order if you want to place the orders for the next trading day. Expired orders will reflect the status 'E' in the Order Book. 19. Can I do Day Trading ( open and close out the same trading day)? Yes, and the required margin is lower than the overnight required margin. 9