0.42% applies to all e-trade systems?

..and where would one get 0.42% ?

SSF is coming out the end of this month

thats what i heard

15 Apr 2006
BURSA MALAYSIA AIMS TO LAUNCH SINGLE STOCK FUTURES ON 28 APRIL 2006

Bursa Malaysia Berhad (Bursa Malaysia) is targeting to launch the first tranche of Single Stock Futures (SSFs) on 28 April 2006. The initial ten SSFs to begin trading on launch day are:

No. Short Name  Company Name  Stock Code
1. FBRS Bursa Malaysia Bhd 1818
2. FAIR AirAsia Bhd 5099
3. FAMM  AMMB Holdings Bhd 1015
4. FBST  Berjaya Sports Toto Bhd 1562
5. FGEN  Genting Bhd 3182
6. FIOI  IOI Corporation Bhd 1961
7. FMAX Maxis Communications Bhd 5051
8. FRHB  RHB Capital Bhd  1066
9. FSGB  SCOMI Group Bhd 7158
10. FTEL Telekom Malaysia Bhd  4863

Bursa Malaysia's Chief Operating Officer, Omar Merican said, "The addition of Single Stock Futures to Bursa Malaysia's product spectrum is significant as it facilitates price discovery, provides an additional risk management tool for investors and also gives investors a lower cost and easier means for entering the market."

wat is da good of ssf? how much u need to hav to invest in?

50 agree to be market makers for new futures

KUALA LUMPUR: Bursa Malaysia has obtained the commitment from 50 quasi market makers to play the role of market makers for the soon-to-be-launched single stock futures (SSF), and expects that number to swell to 100.

The exchange also believes that the SSFs to be launched stand a good chance of succeeding, because the derivative instruments have been designed with the retail investors in mind, according to head of product development and planning Shu Meng Chan.

"We have a group of quasi market makers who are local market participants. Fifty of them are active and there will be in total 100,'' he told StarBiz. "They are individuals who trade on their own account and enjoy local commissions and rebates from the exchange.''

Bursa will launch the first batch of 10 SSFs on April 28 and has a programme to roll out 42 SSFs over time. The SSFs were chosen based on the underlying stock's liquidity, velocity and volatility.
The exchange's SFFs are designed to give investors alternatives in a particular sector, and with their low transaction cost and leverage, they could be good plays for retail traders.

With SSFs set to be unveiled next week, brokers have raised numerous issues on SSFs. A key question among them is whether such instruments would actually be successful.

Bursa said the market makers, who had been trading most of the exchange's futures products, would provide liquidity to the SSFs. The exchange feels that the timing for the release of retail-centric SSFs was right as there has been an improvement in the turnover of its crude palm oil and KLCI futures contracts.

However, whether institutional investors would take to SSFs is still uncertain as mandate issues might prevent them from buying such instruments.

"The outlook for the launch for other futures derivatives is feasible. The circumstantial evidence from other issuers is positive, such as CIMB Bhd issuing structured warrants. They would not be doing so unless the environment is favourable,'' said COO Omar Merican.

Shu said that citing Hong Kong and Singapore as examples of why SSFs might not succeed on Bursa was flawed.

He said Hong Kong started its SSFs too early and the derivatives were launched on the futures exchange. The equities and futures exchanges in that country were in competition with each other and hence, the SSFs did not get the desired support from the Hong Kong Stock Exchange.

In the case of Singapore, trading interest was more slanted towards institutional investors as the MSCI Singapore futures is the more heavily traded derivative compared with the STI futures index.

"Developed exchanges have fairly well developed derivatives sectors and the distribution of success between structured warrants, call warrants, SSFs and index and commodity futures do not follow a fixed pattern,'' Omar said.

Bursa has identified potential areas for SSFs to be successful, of which one is the high price of the underlying stock compared with SSFs as the transaction costs of trading in SSFs would be significantly lower than trading the actual stock.

Another category in which SSFs will do well is in growth stocks.

The introduction of SSFs comes at a time when Bursa is busy working on the release and introduction of other instruments.

In the pipeline for launch this year are securities borrowing and lending, restricted short-selling, exchange traded funds, new indices, possible non-ringgit contracts - which will include foreign listings, foreign futures contracts, ADR-type stocks - and proprietary day trading.

"This does not include the other things Bursa is doing from an infrastructure basis and (giving out more) single licences for trading to both corporations and individuals,'' Omar said, adding that the exchange felt it was right that SSFs be introduced before other products and services.

iris still not losing steam or issit they got real value?

iris siao 1. damn i sold 10 lots of it at 59.5 sen the nexday jump to 80 sen   
but it seems like a big big bubble floating on top of a pot of cactus