BMD News : ...product migration to CME platform

When : Sep 20 2010 ( 90% confirm ! with Bursa nothing is 100%)

What : all BMD product will be listed on CME platform.


Why : to create better “branding” among kwailow, especially FKLI. It seems FKLI is a CFTC certified product; meaning US funds manager can directly promote FKLI to US citizen.


Impact :

1) new trading system for local futures broker.Therefore, more local futures broker will offer overseas futures product and online trading ( ideally !! )


2) BMD “kaki”, please take note of changes below : -

a) trading hours remains as usual but NO preclosing phase. Therefore, no MOC order.

b) introducing NO-CANCEL stage during pre-opening phase - last 30 seconds before opening. In NO-CANCEL stage, existing working order CANNOT be cancelled or modified. You know why lah?

c) word play : AM session + PM session is considered ONE session. Lunch break is called PAUSE.