Products
Bursa Commodity Derivatives
What is Comodity Derivatives?
Commodity derivatives are financial instruments the values of which depend on that of a commodity, such as grains, energy or metals.
Bursa Malaysia Commodity derivative products consist of 2 categories which are agriculture & precious metal. The following are the commodity derivative products that are currently available on BMD:
Gold Futures (FGLD)
Contract Specifictions
Gold Futures (FGLD) is a small-sized Ringgit Malaysia (“RM”) denominated gold futures contract traded on Bursa Malaysia Derivatives, providing market participants exposure to international gold price movements at a lower entry cost.
ITEMS | DETAILS |
|---|---|
Contract Code | FGLD |
Underlying Asset | Gold assayed to a minimum of 995 fineness |
Contract Size | 100 grams |
Minimum Price Fluctuation | RM 0.05 per gram ( or RM 5 per tick) |
Settlement Method | Cash Settlement |
Trading Hours
Monday to Friday (Malaysia Time, GMT +8 )
First Sessions: 0900 - 1230 hours
Second Session: 1430-1900 hours
Monday to Thursday (Malaysia Time, GMT +8)
After-Hours (T+1) Trading Session: 2100 - 2330 hours
Gold Futures (FGLD)
Contract Specifictions
Gold Futures (FGLD) is a small-sized Ringgit Malaysia (“RM”) denominated gold futures contract traded on Bursa Malaysia Derivatives, providing market participants exposure to international gold price movements at a lower entry cost.
ITEMS | DETAILS |
|---|---|
Contract Code | FGLD |
Underlying Asset | Gold assayed to a minimum of 995 fineness |
Contract Size | 100 grams |
Minimum Price Fluctuation | RM 0.05 per gram ( or RM 5 per tick) |
Settlement Method | Cash Settlement |
Trading Hours
Monday to Friday (Malaysia Time, GMT +8 )
First Sessions: 0900 - 1230 hours
Second Session: 1430-1900 hours
Monday to Thursday (Malaysia Time, GMT +8)
After-Hours (T+1) Trading Session: 2100 - 2330 hours
Crude Palm Oil Futures (FCPO)
Contract Specifictions
Crude Palm Oil Futures (FCPO) is a Ringgit Malaysia (MYR) denominated palm oil futures contract traded on Bursa Malaysia Derivatives (BMD) which acts as the world’s price discovery benchmark for Crude Palm Oil since 1980.
The contract allows traders to gain leveraged exposure in Crude Palm Oil for a small capital outlay and provides ample prospects for directional trading, hedging, arbitraging and intra- commodity spreading.
ITEMS | DETAILS |
|---|---|
Contract Code | FCPO |
Underlying Instrument | Crude Palm Oil |
Contract Size | 25 metric tons |
Minimum Price Fluctuation | RM 1 per metric ton |
Value per Tick | RM 25.00 |
Settlement Method | Cash Settlement |
Trading Hours
Monday to Friday (Malaysia Time, GMT +8 )
First Sessions: 1030 - 1230 hours
Second Session: 1430-1800 hours
Monday to Thursday (Malaysia Time, GMT +8)
After-Hours (T+1) Trading Session: 2100 - 2330 hours
USD RBD Palm Olien Futures (FPOL)
Contract Specifictions
USD RBD Palm Olein Futures (FPOL) is a Free on Board (FOB) physically delivered US Dollar (“USD”) denominated Refined, Bleached and Deodorised (RBD) Palm Olein Futures contract traded on Bursa Malaysia Derivatives (BMD).
As listed derivatives on BMD, FPOL will provide a transparent price discovery on a regulated trading environment. Traders and consumers can now hedge against Palm Oil adverse price movement with confidence as BMD Clearing House guarantees the performance of all trades. Refiners can also use FPOL to manage the refining margin between Crude Palm Oil against RBD Palm Olein.
ITEMS | DETAILS |
|---|---|
Contract Code | FPOL |
Underlying Instrument | RBD Palm Olein |
Contract Size | 25 metric tons |
Price Quotation | US $ per metric ton |
Minimum Price Fluctuation | US $0.50 per metric ton |
Settlement Method | FOB Physical Delivery at PK / PG with multiple size of 500MT. Others will be cash settled against the Final Settlement |
Trading Hours
Monday to Friday (Malaysia Time, GMT +8 )
First Sessions: 0900 - 1200 hours
Second Session: 1330-1800 hours
Monday to Thursday (Malaysia Time, GMT +8)
After-Hours (T+1) Trading Session: 2100 - 2330 hours
USD Crude Palm Oil Futures (FUPO)
Contract Specifictions
USD Crude Palm Oil Futures (FUPO) is a USD-denominated palm oil futures contract that compliments the existing MYR-denominated Crude Palm Oil Futures contract (FCPO).
It is a cash-settled contract that does not involve the physical delivery of the underlying Crude Palm Oil (CPO). FUPO also consolidates Malaysia’s position as the leading price discovery center for palm oil traded globally.
ITEMS | DETAILS |
|---|---|
Contract Code | FUPO |
Underlying Instrument | Crude Palm Oil |
Contract Size | 25 metric tons |
Minimum Price Fluctuation | USD 0.25 per metric ton |
Settlement Method | Cash settlement |
Trading Hours
Monday to Friday (Malaysia Time, GMT +8 )
First Sessions: 1030 - 1230 hours
Second Session: 1500 - 1800 hours
Monday to Friday (Malaysia Time, GMT +8 )
After-Hours (T+1) Trading Session: 2100 - 2330 hours
Crude Palm Kernel Oil Futures (FPKO)
Contract Specifictions
ITEMS | DETAILS |
|---|---|
Contract Code | FPKO |
Underlying Instrument | Crude Palm Kernel Oil |
Contract Size | 25 metric tons |
Minimum Price Fluctuation | RM 1 per metric ton |
Settlement Method | Physical Delivery |
Trading Hours
Monday to Friday (Malaysia Time, GMT +8 )
First Sessions: 1030 - 1230 hours
Second Session: 1500 - 1805 hours
Monday to Friday (Malaysia Time, GMT +8 )
After-Hours (T+1) Trading Session: 2100 - 2330 hours
Options on Crude Palm Oil Futures (OCPO)
Contract Specifictions
The Options on Crude Palm Oil Futures (OCPO), which uses Crude Palm Oil Futures (FCPO) as its underlying contract, offers another risk management tool for industry participants to better meet their hedging needs.
OCPO gives the option contract holder the right, but not the obligation, to buy or sell the underlying, FCPO, at the specified strike price on a specified date in the future. OCPO offers hedgers an alternative to manage potential downside risks and requires a smaller initial outlay compared to futures trading.
ITEMS | DETAILS |
|---|---|
Contract Code | Calls: C OCPO Puts: P OCPO |
Underlying Instrument | Crude Palm Oil Futures (FCPO) Contract |
Type | European Options |
Contract Size | One Crude Palm Oil futures contract (of a specified month) of 25 metric tons (MT) |
Tick Size | RM0.50 per metric ton (RM12.50 per contract) |
Exercise | In the absence of contrary instructions delivered to the Clearing House, an option that is in-the money at expiration shall be automatically exercised. Exercise results in a long 3rd month FCPO position, which corresponds with the option’s contract month for a call buyer or a put seller, and a short 3rd month FCPO position for a put buyer or a call seller. |
Trading Hours
Monday to Friday (Malaysia Time, GMT +8 )
First Sessions: 1030 - 1230 hours
Second Session: 1430 - 1800 hours
Monday to Friday (Malaysia Time, GMT +8 )
After-Hours (T+1) Trading Session: 2100 - 2330 hours
Tin Futures (FTIN)
Contract Specifictions
Tin Futures (FTIN) is a US Dollar (“USD”) denominated tin futures contract traded on Bursa Malaysia Derivatives (BMD), providing market participants exposure to tin price movements.
ITEMS | DETAILS |
|---|---|
Contract Code | FTIN |
Underlying Instrument | Refined tin metal of ASTM Grade A specification B 339.93, with a minimum content of 99.85% Sn of any of the brands which are approved by the Board of the Kuala Lumpur Tin Market (KLTM), or such other technical specifications of refined tin metal underlying the physical tin official price published by the Kuala Lumpur Tin Market (“KLTM Price”) from time to time |
Contract Size | 1 metric tons |
Minimum Price Fluctuation | USD 1 per metric tonne |
Settlement Method | Cash Settlement |
Trading Hours
Monday to Friday (Malaysia Time, GMT +8 )
First Sessions: 0900 - 1200 hours
Second Session: 1330-1500 hours
Monday to Friday (Malaysia Time, GMT +8 )
After-Hours (T+1) Trading Session: 2100 - 2330 hours
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