Question
You have been given RM100,000 capital in virtual futures account. You are required to trades (speculate and/or spread) in the futures market. You must trade
You have been given RM100,000 capital in virtual futures account. You are required to trades (speculate and/or spread) in the futures market. You must trade actively, i.e. enter or exit the futures market at minimum of one trade per week. You are free to decide the number of trades and number of contracts per one transaction. The trading will be done via BURSAMKTPLC website. The futures products for trading are as follows:
1. FTSE Bursa Malaysia KLCI futures (FKLI)
2. Crude Palm Oil Futures (FCPO)
3. Gold Futures (FGLD)
You are also required to use the valid margin financing from investment bank. Thus you are required to determine your own investment bank and apply the margin requirements in your trading.
All your trading activities must be written in a report for submission at the end of semester to your lecturer. Your assignment marks are assessed in this report. The contents of the report as follow.
Report/Analysis:
- Introduction (5 marks)
- Background and contract specification of the three futures products. (15 marks)
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