We wish to inform our readers that Bursa Malaysia Derivatives Berhad will be launching FGLD on 7 October 2013. The FGLD is a Ringgit based cash-settled futures contract with a contract size of 100 grams. The Underlying Instrument is gold assayed to a minimum of 995 fineness.
Minimum price fluctuation is RM0.05 per gram (or RM5 per tick). Trading hours are 0900-1230 and 1430-1900 every business day in KL. Final settlement value will be calculated using the London Gold AM Fix (quoted in USD/troy oz) on the Final Trading Day of the month.
For those of you who would like to have more information regarding the above, please do not hesitate to contact me.
What would the margin like?
ReplyDeleteSry rephrase: What would the margin be like?
ReplyDelete