Bursa Malaysia Derivatives Introduces Negotiated Large Trade Facility
Market participants can now transact large-sized orders on futures contracts listed on Bursa Malaysia Derivatives via the Negotiated Large Trade (NLT) facility. This newly introduced facility allows large trades to be transacted at a single price, thereby minimising slippage and execution uncertainties.
This service is available for the KLCI Index Futures (FKLI), the Crude Palm Oil Futures (FCPO), the 3-Month KLIBOR Futures (FKB3) and the 5-Year MGS Futures (FMG5) contracts.
The NLT facilitates direct and private negotiations among customers and enables large orders to be transacted away from the Trading System. Trading Participants may use the facility to execute NLTs on behalf of their clients. The trades are then reported to the Exchange for clearing; and the volume and registration time of the negotiated trades are announced to the market.