Bursa Malaysia Derivatives Berhad (“BMD”) will be launching two competitions for BMD Professional Traders and Individual Traders to spur excitement for its FTSE Bursa Malaysia KLCI Options (“OKLI”) contracts. These competitions will commence on 2 October 2017 and are part of continued efforts undertaken by the Exchange to boost interest in the OKLI market.
“The global equity index options market has seen significant growth over the years[1]. In Malaysia there is tremendous growth potential for our OKLI contracts, with only 10,171 stock index options contracts traded in 2016 as compared to 2.75 million stock index futures contracts traded in the same period,” said Datuk Seri Tajuddin Atan, Chief Executive Officer, Bursa Malaysia.
“The competitions are just part of Bursa Malaysia’s initiatives to increase the appetite for FTSE Bursa Malaysia KLCI Options. We will also continue with our outreach programme to further educate investors on the benefits of options trading.”
Under the Professional Traders category, the first prize winner will take home RM15,000, while the second and third prize winners will be rewarded with RM10,000 and RM5,000 respectively.
In addition, the Individual category offers as prizes various attractive Apple products such as Macbook Pro, iPad, iPhone, Apple Watches and Apple TVs valued up to RM30,000.
To qualify for the competition, both Professional Traders and Individual Traders must meet a pre-determined minimum volume threshold for OKLI and FTSE Bursa Malaysia KLCI Futures (“FKLI”) contracts.
Both competitions will run for a period of 1-year, starting from 2 October 2017 to 28 Sep 2018.
Interested parties can contact any of BMD’s derivative brokers to obtain further information regarding the competition. A list of derivative brokers can be obtained from Bursa Malaysia’s website – http://www.bursamalaysia.com/market/derivatives/brokers/list-of-trading-participants/
