bmsb
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| - | ====== Bursa Malaysia Securities Berhad (BMSB)====== | ||
| - | Bursa Malaysia is the primary securities exchange in Malaysia. In addition to equities trading, BMSB also offers trading in derivatives and provides for Shariah-compliant trading. | ||
| - | [[http:// | ||
| - | |||
| - | Currency: Malaysian Ringgit (MYR)\\ | ||
| - | Time Zone: UTC +08:00 | ||
| - | |||
| - | [[http:// | ||
| - | [[http:// | ||
| - | ===== Trading Summary ===== | ||
| - | Bursa Malaysia operates a fully electronic trading system accessible only by participating organizations. For more information on the trading procedures of Bursa Malaysia, see the [[http:// | ||
| - | |||
| - | ==== Lit Order Types ==== | ||
| - | * Limit Buy/ | ||
| - | |||
| - | ==== Basic Market Rules ==== | ||
| - | * Lot Size is 100 shares | ||
| - | * Tick Size varies by price as follows: | ||
| - | |||
| - | ^ Price Range ^ Tick Size (Sen) ^ | ||
| - | | Below RM1.00 | 0.05 | | ||
| - | | RM1.00 up to RM9.99 | 0.01 | | ||
| - | | RM10.00 up to RM99.98 | 0.02 | | ||
| - | | RM100.00 above | 0.10 | | ||
| - | |||
| - | * Short Sale Rules - Short Sales must be declared, and a locate must be obtained prior to shorting. Locates can only be provided on securities approved for Regulated Short Selling; a full list of these securities can be found [[http:// | ||
| - | * Circuit Breakers - market-wide circuit breakers are in place for BMSM and are tied to the movement of the FTSE-based Kuala Lumpur Composite Index (FBMKLCI) as defined [[http:// | ||
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| - | ==== Auction Mechanisms ==== | ||
| - | The auction mechanisms for the opening and closing auctions are identical and are described in detail [[http:// | ||
| - | === Open === | ||
| - | 1st Session: Pre-opening phase is from 08:30:00 - 09:00:00, during this time orders can be entered and cancelled but will not be matched. Orders are matched based on the TOP procedures at 09:00:00 | ||
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| - | 2nd Session: Pre-opening phase is from 14:00:00 - 14:30:00, during this time orders can be entered and cancelled but will not be matched. Orders are matched based on the TOP procedures at 14:30:00. | ||
| - | |||
| - | === Close === | ||
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| - | The closing price is defined by the following closing mechanism: | ||
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| - | **Auction** means an auction conducted in a trading platform in respect to qualifying orders to determine the auction price pursuant to the following process: | ||
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| - | * **a)** The price at which the matching quantity is maximized | ||
| - | * **b)** The price that minimizes the imbalance | ||
| - | * **c)** When several prices are used in respect to (a.) & (b.) and imbalance of unfilled quantity is on the buy side, then the Theoretical Closing Price (TCP) used is the highest price | ||
| - | * **d)** When several prices are used in respect to (a.) & (b.) and the imbalance of unfilled quantity is on the sell side, then the TCP is the lowest price | ||
| - | * **e)** Closest price to settlement price | ||
| - | |||
| - | **Auction Periods** | ||
| - | |||
| - | 1. **Morning Session** (09:00 - 12:30) | ||
| - | * Regular trading orders may be entered, amended or cancelled | ||
| - | * Regular matching rules apply | ||
| - | 2. **Afternoon Session** (14:30 - 16:45) | ||
| - | * Regular trading orders may be entered, amended or cancelled | ||
| - | * Regular matching rules apply | ||
| - | 3. **Pre-Closing** (16:45 - 16:50) | ||
| - | * Closing orders may be entered, amended or cancelled | ||
| - | * Orders will not be matched | ||
| - | 4. **Closing Auction** (16:50) | ||
| - | * No new orders will be accepted | ||
| - | * Orders entered during the Pre-Closing phase will be matched | ||
| - | * Once orders are matched, the Trading At Last phase will be in effect | ||
| - | 5. **Trading At Last** (16: | ||
| - | * Only limit orders may be entered and matched only be entered at the closing price | ||
| - | * Orders may be entered, amended & cancelled | ||
| - | |||
| - | **Order Types:** Limit orders are eligible to participate in the Closing Auction | ||
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| - | You can find more information on trading rules on BMSB [[ http:// | ||
| - | =====Additional Info===== | ||
| - | |||
| - | =====See Also===== | ||
| - | * [[market_guides|Market Guides]] | ||
| - | =====References===== | ||
bmsb.1485533662.txt.gz · Last modified: 2017/01/27 11:14 by maya