Bursa Malaysia Launches National Virtual Derivatives Trading Challenge 2021 | Money


KUALA LUMPUR, September 22 – Bursa Malaysia Derivatives Bhd has launched its first National Virtual Derivatives Trading Challenge, aimed at piquing millennials’ interest in the Malaysian derivatives market.

Managing Director Samuel Ho said the exchange has seen strong growth in derivatives trading in recent years, with trading volume increasing to 18.2 million contracts in 2020, from 13.5 million contracts in 2019, registering 35% year-on-year growth.

“The participation of individuals rose to 32% in August 2021, from 25% in 2019. These milestones indicate a growing interest of individual investors in the diversification of their investment portfolios with alternative asset classes such as derivatives. “he said in a statement today.

Meanwhile, the exchange said the challenge will provide essential knowledge for new investors to start trading derivatives in an informed manner.

He said participants would compete through the BursaMKTPLC derivatives trading simulator in a simulated environment that mimicked the live futures markets.

“Each participant will be assigned an account with a virtual capital of RM 100,000 to trade four existing derivatives offered by Bursa Malaysia Derivatives, namely Crude Palm Oil Futures (FCPO), FBM KLCI Index Futures (FKLI), FBM Mid 70 Index Futures (FM70) and 5-year contracts on Malaysian government securities (FMG5), ”he said.

He said the top 15 participants with the highest account balance at the end of the challenge will be awarded prizes worth 20,000 RM and the top prize winner will win a cash prize of 7,000 RM. .

Registration for the challenge will be open from September 22 to November 5, 2021 to eligible Malaysians aged 18 and over and the challenge will start from November 15 to December 14, 2021. – Bernama


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