About CPO futures, what's the minimum capital needed to buy one lot?

Does the amount depend on the current price or fixed?

If I hold a position overnight, is there a margin call per lot?

Can anyone tell me, is FOREX is the future foreign exchange?

Is it OTC or exchange traded? bcoz i heard from my fren, it is OTC, but the future can't traded in OTC, bcoz of its nature of contract which is standardize rite...

Why in future only have FKLI and FCPO, how to find or trade in corn index and other commodities index?

QUOTE(lklatmy @ Sep 9 2009, 03:36 PM)
Let me share the little bit I know about physical delivery of CPO in settlement of an open position in the futures market.I was involved in  this last time but after I became a Remisier,I'm not involved anymore ,so with the lapse of time,my knowledge may be outdated.Devil may be able to provide better insight on this.

In real life,the delivery of CPO to a retail client would not occur,there is procedure built in when the spot month is nearing expiry,the Clearing house will enquire from the futures broker as to the intention of their clients whether the client intend to take/effect physical delivery of the CPO.

At the same time,the initial margin on the spot month will also be increased progressively to match the full contract value as the expiry of the contract becomes nearer.This will ensure that the buyer/seller and the clearing house is fully protected in the event of default by one of the party.

If the client does not meet the increased minimum l margin requirement,the open contract will be forced sold before trading ceases.Then no physical delivery takes place.

The CPO delivery is at an approved port tank installation opted by the seller located in Port Klang,Butterworth or Pasir Gudang.not to the buyers address.Buyer must arrange for own transport to collect the CPO from the port tank installation.The rental of the port tank installation is prepaid by the seller for a period of 1 month(not quite sure about this )On expiry of one month and if the buyer fails to take delivery,further rental will be borne by him.

If seller fails to effect delivery,then the clearing house will step in and buy the oil from the cash market,deliver to the port tank installation, and charge the difference to the sellers account.

AMBank is promoting their new real time DMA platform & offering HP™ Mini H110 netbook to their active traders. Anyone into this.

About CPO futures, what's the minimum capital needed to buy one lot?

Does the amount depend on the current price or fixed?

If I hold a position overnight, is there a margin call per lot?

u must have certain vol to get this free of charge

Keen to trade futures online ?

get more info about DMA http://www.bursamalaysia.com/website/bm/trading/DMA/
or download the handbook http://www.bursamalaysia.com/website/bm/tr...MA_Handbook.pdf

DMA Rate (online trade)
FKLI : RM 16 per way (RM32 per round turn)
FCPO : RM 9 per way (RM18 per round turn) INTRADAY
FCPO : RM 14 per way (RM28 per round turn) OVERNIGHT

anyone can get lower than above rate?

May i know which broker offer this rate?? good rate.

DMA rates la..sure better than normal rate

or u got huge volume, then u can got these good rate too through normal brokers

Ya i know is DMA rate but still very low the cpo overnight is only RM28

for small kaki.. DMA caused around RM250 per month if i didnt remember mistakely

but u need to bear the risk of key in wrongly..hahaha

I'm still waiting for my god-brother in Hong Kong's email.

If CI futures doesn't work, I will go for Hong Kong market.

*sweat*

I'm still waiting for my god-brother in Hong Kong's email.

If CI futures doesn't work, I will go for Hong Kong market.

*sweat*

My advice if u r not good enough better don't trade HK futures lbcos the market is too fast 5 times faster than CPO .up and down like rocket some more cannot put stop order .