KUALA LUMPUR (Bernama) -- Bursa Malaysia Derivatives Bhd (BMD) will re-launch the Mini FTSE Bursa Malaysia Mid 70 Index Futures (FM70) contract after implementing several amendments to the contract specifications.
BMD chairman and Bursa Malaysia chief executive officer Datuk Muhamad Umar Swift said the revamped FM70 contract would be made available to traders on Monday.
"The new improvements to the FM70 contract specification are aimed to increase cost efficiency in trading, thereby enhancing its appeal among retail investors," he said in a statement today.
He added that the revision in the FM70 contract specifications included changes to the contract size with the contract multiplier to RM4 per index point from the previous RM2 per index point, as well as increase in the minimum price fluctuation (tick size) to five index points per tick from the previous one index point per tick.
Launched in 2018, FM70 is a cash-settled ringgit-denominated futures contract which tracks the FTSE Bursa Malaysia Mid 70 Index (FBM Mid 70) as its underlying instrument.
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