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Contracts for Difference (CFD)

CGS-CIMB Futures Sdn Bhd (CGS-CIMB Futures) 
CGS-CIMB Futures (formerly known as CIMB Futures Sdn Bhd) is a wholly owned subsidiary of CGS-CIMB Securities Sdn Bhd following a strategic partnership between CIMB Group Holdings Bhd and China Galaxy Securities Co. Ltd
 
Incorporated on 5 February 1993, CGS-CIMB Futures with a paid up capital of RM10,000,000 is a holder of a Capital Market Services Licence to carry on the business of dealing in derivatives. CGS-CIMB Futures is also a trading participant of Bursa Malaysia Derivatives Bhd (“BMDB”) and a clearing participant of Bursa Malaysia Derivatives Clearing Bhd.  CGS-CIMB Futures provides full brokerage services for BMDB’s broad range of exchange listed derivatives products and facilitates trading in recognized foreign exchange listed derivatives products.
 
The Board of Directors is collectively responsible for the proper stewardship of the company’s business and overall supervision of the activities of the company.  The Board is responsible for putting in place a framework of good corporate governance including the processes of risk management, compliance and reporting.  The Board and management team bring their diverse knowledge and experience in deliberations on issues pertaining to strategy, performance, resources and business conduct.
 
Board of Directors
Pn. Ruzi Rani Ajith
Pn. Ruzi is the Chief Executive Officer of CGS-CIMB Securities Sdn Bhd. Prior to her appointment, Pn. Ruzi served as the Head of Equities in CIMB Investment Bank Berhad. She has served the organisation in various capacity over the past 23 years. She has consistently been featured in Asiamoney’s Brokers Poll where she was ranked number two for best salesperson for Malaysia from 2003 to 2005.
 
Throughout the years, under her guidance, the CIMB Investment Bank has won numerous prestigious awards such as The Asset Triple A, Alpha Southeast Asia and many more. Before joining CIMB, she was with Affin Investment Bank for three years as a Fund Manager. 
 
Pn. Ruzi graduated from Ohio University with a Bachelor's (Honors) degree in 1991 and a Masters in Business Administration in 1993.
 
Mr. David Tan Choon Beng
David joined CIMB Futures Sdn Bhd in 2011 and is primarily responsible for the development and expansion of the futures broking business in Malaysia. Prior to joining CGS-CIMB Futures, David's last position was with Ong First Pte Ltd as the Head of FX. He also held senior positions with reputable broking houses in Singapore, which include Phillip Futures Pte Ltd and Man Financial.
 
David has been in the financial services industry for over 25 years and he brings with him vast experience specialising in the areas of foreign exchange, futures and options.
 
During his tenure as the Executive Director and Head of Futures Broking of CGS-CIMB Futures, David has adopted international practices and the local futures broking business has since benefitted from this. Under his stewardship throughout the years, CGS-CIMBF’s performance has been recognised during Bursa Excellence Awards.
 
Mr. Franky William Ng
Franky is the Regional Head of Futures at CGS-CIMB Securities (Singapore) Pte Ltd. He is responsible for the business development, expansion and financial performance of regional futures business operation.

Franky has over 17 years of experience in the financial industry. He has held various positions including Head of Commodities and Head of Sales. He joined the present company in 2011 to start the futures business.

Franky holds a Master of Finance from the Curtin University, Australia.
 
Ms. Mego Cheng Mei Yee
Ms. Cheng joined China Galaxy International in 2011, and is currently the managing director of global capital markets department. Ms. Cheng has over 19 years of experience in financial industry, focusing on sales trading, stock capital market, institutional customers, listed companies and high-asset customer development and sales services. She was the sales director of OSK Securities Hong Kong Limited, and also the director of stock capital market department and executive director of Polaris Capital (Asia) Ltd.
 
Ms. Cheng received her bachelor of Business Administration from the University of Southern California.
 
She is licensed to carry on type 1 regulated activities under the Securities and Futures Commission in Hong Kong.
 
Management
Mr. David Tan Choon Beng
As above.
 
Mr. Lee Cheng Wah
Cheng Wah is the Chief Operating Officer of CGS-CIMB Securities Sdn Bhd. He is primarily responsible for overall management of equities and derivatives support functions which include Operations, Finance, Credit Management, Information Technology and Client Accounts Management.
 
Prior to this role, he was the Head of Equities Operations Malaysia of CIMB Investment Bank Berhad. He had also covering the operations of Private Banking, Wealth Management and Private Trustees Services. He was previously the Head of Capital Market Risk Monitoring covering the credit risk functions of the equity business for Malaysia, and risk monitoring functions for Securities Margin Financing, Futures & Derivatives, Private Banking as well as Fixed Income business of the investment bank. He has more than 20 years of experience in equity credit, risk management and operations.
 
He started his career with Messrs Hanafiah Raslan & Mohamad (now known as Ernst & Young), a firm of public accountants in 1987 and joined CIMB Securities Sdn Bhd in 1994. He is a member of The Malaysian Institute of Certified Public Accountants.
 
Mr. Maxwell Ong Wai Boon
Maxwell is the Executive Director, Dealing of CGS-CIMB Futures Sdn Bhd (“CGS-CIMBF”). Maxwell joined CIMB Futures Sdn Bhd in 2007 and has held a series of increasingly responsible positions in sales, marketing and dealing within the organisation.

With his over 32 years of experience in Malaysia and Singapore, Maxwell has accumulated vast knowledge in the derivatives industry.

Outside of CGS-CIMBF, Maxwell also held the position of the Vice President of Malaysian Futures Broker Association from 2014 to 2018, where he was actively involved in bridging and representing the Clearing and Trading Participants for the overall derivatives industry growth.
 
Maxwell holds a Master of Business Administration from Anglia Ruskin University, United Kingdom.
 
Pn. Norhanizah Mohd Nor
Pn Norhanizah is the Head of Compliance of CGS-CIMB Securities Sdn Bhd and the registered Compliance Officer for CGS-CIMB Futures Sdn Bhd. Pn Norhanizah joined CIMB Futures Sdn Bhd in 2005 and has been in the derivatives industry for more than 20 years.
 
As the Head of Compliance, Pn Norhanizah is responsible to supervise and provide guidance on the overall compliance with regulatory requirements for both equities and derivatives.
 
Pn Norhanizah holds a Degree in Accountancy from Universiti Utara Malaysia.
 
Financials Statements
CGS-CIMB Futures Latest Financial Statements
CGS-CIMB Futures Abbreviated Audited Accounts for the past three (3) financial years
 

What are CFDs
CFDs or Contracts for Difference are an agreement between two parties to exchange, at the close of the contract, the difference between the opening price and closing price of the contract, multiplied by the number of underlying stocks specified in the contract.
 
For CFDs on listed securities, they are traded in a similar way and can be used as an alternative instrument instead of trading on the underlying. It allows clients to gain exposure to stock price movements, without the need for ownership of the underlying stocks.
 
We also offer CFDs on Index, so you can have the flexibility of trading these instruments on the same CFD platform without the need to log in to another system or to maintain a separate cash balance.
 
You will be able to take long or short positions on CFDs without paying the full contract value of the underlying position. You are only required to place a cash deposit (known as initial margin) as collateral.
CFDs do not have an expiry date and you will be able to hold the position indefinitely as long as you are able to meet your margin and interest requirements.
 
Features & Benefits
1. Flexibility to Short
One of the main appeals of CFD trading is that you can short sell without owning the underlying stock. When you invest in a stock via a CFD on the CGS-CIMB Futures CFD Trading System, you can open a short position on the spot at the real-time tradable price by selling with the aim of profiting from the falling stock price.
 
2. Leverage
CFDs are traded on margin, using leverage to maximise your trading capital. This means for a small outlay you can open larger positions in the market compared to that of traditional stock trading.
 
3. No Expiry Date of Contracts
Gives you the freedom to roll over your open positions on a daily basis until you choose to close the position.
 
4. Transparent Pricing
Our Direct Market Access system gives you the same transparent pricing and liquidity as stock trading.
 
5. Ease of Trading
There is more than one mode of trading CFDs - through broker or online. The online system for CFD trading includes features like good-for-the-day orders, real-time portfolio and daily account management.
 
6. Corporate Action
As an owner of an Equity CFD, you will have your account adjusted to reflect cash dividends credited or debited on the underlying stock and to participate in stock splits, just as you would if you owned the physical stock. The only difference is that with a CFD you are not entitled to any voting rights.
 
What is Direct Market Access?
Direct Market Access (DMA), is the electronic facility that allows for CFD prices and liquidity to be identical to the underlying stock markets. Investors enter into CFDs at the underlying market price. This means that all orders are executed in real time and the investors can be assured of true market prices.

DMA also has the added benefit of offering the ability to participate in the pre-opening and pre-closing phase of the market, which is often the most liquid and volatile period of the trading day. CGS-CIMB Futures adopts the DMA model for CFD as it offers one of the most transparent pricing structures to investors.
 
DMA CFD provider model allows:
  • No additional spreads
  • Straight through processing
  • Potential to be a price taker or maker
  • Participation in pre-opening and pre-closing phase
 
In comparison, the Market Maker (MM) CFD model:
  • May not always have the same prices as the exchange
  • There is potential for additional spreads and potential requotes
  • Market makers are price takers only, generally there is no participation in pre-opening and pre-closing phase

 
Comparison of CFDs against Traditional Stock Trading
CFD is traded on margin, using leverage to maximize your trading capital. This means that you can undertake a larger position for the same amount of capital as compared to traditional stock trading. The effect of leverage means that movements in the underlying market have a magnified effect and can result in greater profit or loss as illustrated below:-
 
Example 1: A Profit-Making Trade
  CFD Trading Traditional Stock Trading
  Buy 1,000 XYZ CFD @ $10 Buy 1,000 XYZ Shares @ $10
Initial Outlay  ($1,000)
Upfront payment of 10% Margin is required
($10,000)
Payment by settlement date is required
Contract Value $10,000 $10,000
Commission @ 0.25% ($25) ($25)
  Sell 1,000 XYZ CFD @ $11 Sell 1,000 XYZ Shares @ $11
Contract Value $11,000 $11,000
Gross Profit/(Loss) $1,000 $1,000
Commission @ 0.25% ($27.50) ($27.50)
Financing Cost * ($5.48) -
Net Profit/(Loss) ($1,000 - $25 - $27.50 - $5.48)
= $942.02
($1,000 - $25 - $27.50)
= $947.50
Return on Initial Outlay $942.02 / $1,000 = 94.20% $947.5 / $10,000 = 9.48%
 

Example 2: A Break-Even Trade

  CFD Trading Traditional Stock Trading
  Buy 1,000 XYZ CFD @ $10 Buy 1,000 XYZ shares @ $10
Initial Outlay  ($1,000)
Upfront payment of 10%  Margin is required
($10,000)
Payment by settlement date is required
Contract Value $10,000 $10,000
Commission @ 0.25% ($25) ($25)
  Sell 1,000 XYZ CFD @ $10 Sell 1,000 XYZ shares @ $10
Contract Value $10,000 $10,000
Gross Profit/(Loss) - -
Commission @ 0.25% ($25) ($25)
Financing Cost * ($5.48) -
Net Profit/(Loss) ($0 - $25 - $25 - S5.48) = ($55.48) ($0 - $25 - $25 ) = ($50)
Return on Initial Outlay ($55.48) / $1,000 = (5.548%)  ($50) / $10,000 = (0.5%)
 
Example 3: A Loss-Making Trade
  CFD Trading Traditional Stock Trading
  Buy 1,000 XYZ CFD @ $10 Buy 1,000 XYZ shares @ $10
Initial Outlay  ($1,000)
Upfront payment of 10% Margin is required
($10,000)
Payment by settlement date is required
Contract Value $10,000 $10,000
Commission @ 0.25% ($25) ($25)
  Sell 1,000 XYZ CFD @ $9 Sell 1,000 XYZ shares @ $9
Contract Value $9,000 $9,000
Commission @ 0.25% ($22.5) ($22.5)
Gross Profit/(Loss) ($1,000) ($1,000)
Financing Cost * ($5.48) -
Net Profit/(Loss) (-$1,000 - $25 - $22.50 - $5.48)
= ($1,052.98)
(-$1,000 - $25 - $22.50)
= ($1,047.50)
Return on Initial Outlay ($1,052.98) / $1,000 = (-105.30%) ($1,047.50) / $10,000 = (-10.48%)


* Note: The above illustrations assume the trade takes place on Friday and the subsequent sale takes place on the following Wednesday. Position is held for 5 days. Financing cost is determined at the CGS-CIMB Futures Base Rate (“CBR”) plus 3.75% for long positions, and minus 3.75% for short positions. This example uses an effective financing rate of 4% per year / 365 days and assumes no change in valuation price on Monday and Tuesday. CBR is subject to change as it relates to the interbank quoted rate. 
 

CFD TradingTraditional Stock Trading
Buy 1,000 XYZ CFD @ $10Buy 1,000 XYZ Shares @ $10Initial Outlay ($1,000)
Upfront payment of 10% Margin is required($10,000)
Payment by settlement date is requiredContract Value$10,000$10,000Commission @ 0.25%($25)($25)
Sell 1,000 XYZ CFD @ $11Sell 1,000 XYZ Shares @ $11Contract Value$11,000$11,000Gross Profit/(Loss)$1,000$1,000Commission @ 0.25%($27.50)($27.50)Financing Cost *($5.48)-Net Profit/(Loss)($1,000 - $25 - $27.50 - $5.48)
= $942.02($1,000 - $25 - $27.50)
= $947.50Return on Initial Outlay$942.02 / $1,000 = 94.20%$947.5 / $10,000 = 9.48%
 
CFD TradingTraditional Stock Trading
Buy 1,000 XYZ CFD @ $10Buy 1,000 XYZ Shares @ $10Initial Outlay ($1,000)
Upfront payment of 10% Margin is required($10,000)
Payment by settlement date is requiredContract Value$10,000$10,000Commission @ 0.25%($25)($25)
Sell 1,000 XYZ CFD @ $11Sell 1,000 XYZ Shares @ $11Contract Value$11,000$11,000Gross Profit/(Loss)$1,000$1,000Commission @ 0.25%($27.50)($27.50)Financing Cost *($5.48)-Net Profit/(Loss)($1,000 - $25 - $27.50 - $5.48)
= $942.02($1,000 - $25 - $27.50)
= $947.50Return on Initial Outlay$942.02 / $1,000 = 94.20%$947.5 / $10,000 = 9.48%
 
CFD Trading Traditional Stock Trading
  Buy 1,000 XYZ CFD @ $10 Buy 1,000 XYZ Shares @ $10
Initial Outlay  ($1,000)
Upfront payment of 10% Margin is required
($10,000)
Payment by settlement date is required
Contract Value $10,000 $10,000
Commission @ 0.25% ($25) ($25)
  Sell 1,000 XYZ CFD @ $11 Sell 1,000 XYZ Shares @ $11
Contract Value $11,000 $11,000
Gross Profit/(Loss) $1,000 $1,000
Commission @ 0.25% ($27.50) ($27.50)
Financing Cost * ($5.48) -
Net Profit/(Loss) ($1,000 - $25 - $27.50 - $5.48)
= $942.02
($1,000 - $25 - $27.50)
= $947.50
Return on Initial Outlay $942.02 / $1,000 = 94.20% $947.5 / $10,000 = 9.48%
 


Equities Markets
Using our DMA platform, you can get ‘live’ data feeds from all the markets that we provide. Get the comprehensive list of counters and their useful related information from the following links*
* CFD lists are indicative only. For the up-to-date list, please login to our platform and refer to the margin table.
 
TRADING HOURS
 Country  Exchange 
 Market
 Trading Hours  Trading Hours
 (Malaysia Time)
 Trading Hours
 (Malaysia Time during daylight
 savings*)
 Singapore    SGX  
 Pre-opening: 8.30am - (8.58am -
 8.59am)
 Non-Cancel: (8.58am - 8.59am) -
 9.00am
 Trading: 9.00am - 12.00pm
 Lunch: 12.00pm - 1.00pm
 Trading: 1.00pm - 5.00pm
 Pre-closing: 5.00pm - (5.04pm - 
 5.05pm)
 Non-Cancel: (5.04pm - 5.05pm) - 
 5.06pm
 Trade at Close: 5.06pm - 5.16pm
 
 SAME  N.A.
 Hong 
 Kong 
 HKSE  
 Trading: 9.30am - 12.00pm
 Lunch: 12.00pm - 1.00pm
 Trading: 1.00pm - 4.00pm
 Reference Price Fixing: 4.00pm – 
 4.01pm
 Order Input: 4.01pm – 4.06pm
 No Cancellation: 4.06pm – 4.08pm
 Random Closing: 4.08pm –
 4.10pm
 
 SAME  N.A.
 USA  
 NYSE &
 NASDAQ 
 
 9.30 am – 4.00 pm  10.30 pm – 5.00 am  9.30 pm – 4.00 am
 Australia  ASX  
 Pre-opening: 7.00am - 10.00am
 Trading: 10.00am - 4.00pm
 Pre-CSPA: 4:00pm - 4:10pm
 Closing Single Price Auction:     4.10pm - 4.12pm
 
 Pre-opening: 5.00am - 8.00am
 Trading: 8.00am - 2.00pm
 Pre-CSPA: 2:00pm - 2:10pm
 Closing Single Price Auction:   2.10pm - 2.12pm
 Pre-opening: 4.00am - 7.00am
 Trading: 7.00am - 1.00pm
 Pre-CSPA: 1:00pm - 1:10pm
 Closing Single Price Auction:   1.10pm - 1.12pm
*US Daylight Saving Time - begins each year at 2 a.m. on the second Sunday of March and ends at 2 a.m. on the first Sunday of November.
*Australia Daylight Saving Time - begins at 2am (AEST) on the first Sunday in October and ends at 2am (AEST) (which is 3am Australian Eastern Daylight Time) on the first Sunday in April.
 
Cash Index CFD
CGS-CIMB Futures Cash Index CFD allows you to trade the world’s leading indices.

The price of the Cash Index CFD is directly related to the underlying index and is derived by adjusting the Futures price by Fair Value to account for interest and dividends.

You can take a long or short view of the market and potentially profit from a move in either direction.

Using Index CFD to short the market in one trade is a great way to hedge your equity portfolio quickly and easily in times of doubt.

Trade the world's global markets, commission free via our Index CFDs. Trade long, short or even hedge your existing share portfolio with the click of a button.

Margin rates start from as low as 5% for major indices.
 
Advantages of Cash Index CFD
  • Transparent price, tight spreads and substantial liquidity provided by our liquidity provider
  • Clients can now trade multiple asset types in single trading account (Equity CFD & Index CFD)
  • No commission cost
  • Cash settled and non-expiring
  • No hidden expiry rollover cost
  • Minimum trade size of 1 index available except on JP225.
  • Contract value are lower than actual Index Futures therefore provides flexibility to speculate or hedge existing equity portfolio against macro market events
 
Cash Index CFD Product List
Index 
Code
Underlyng
Reference
Index
Index
Currency
*
Traget
Spread
*
Margin
*
Financing
Days
Min
Trade
Size
Trading
Hours
(GMT)
Order 
Types
AX200.IXC Australia
200
AUD 1 5% 365 1
Trading:
23.50 - 21.00

Break:
06.30 - 07.10
21.00 - 23.50

 
 
 
 
 

Price
Instruction: 
Market, Limit, Stop
 
Lifetime
Instruction: 
Good till Cancel, Date
 
CO Orders: 
OCO, FIXEDCO, Trailing CO

CN.H.IXC China
H-SHARES
HKD  6 5% 365 1
Trading:
01.15 - 19.00

Break:
04.00 - 05.00
08.30 - 09.15
19.00 - 01.15
CNA50.IXC China A50  USD 3 20% 360 1
Trading:
01.00 - 20.45

Break:
08.30 - 09.00
20.45 - 01.00
EX50.IXC  Euro
Stoxx 50 
EUR 2 10% 360 1
Trading:
00.15 - 20.00

Break:
20.00 - 00.15
FR40.IXC  France
CAC 40
EUR 1 5% 360 1
Trading:
06.00 - 20.00

Break:
20.00 - 06.00 
GR30.IXC  Germany DAX 30  EUR 1 5% 360 1 Trading:
00.15 - 20.00
Break:
20.00 - 00.15 
HK50.IXC  Hong Kong Hang Seng  HKD 5 5% 365 1
Trading:
01.15 - 19.00

Break:
04.00 - 05.00
08.30 - 09.15
19.00 - 01.15
JP225.IXC  Japan
Nikkei 225 
JPY 8 5% 365 10
Trading:
22.00 - 21.00

Break:
21.00 - 22.00 
SING.IXC  Singapore 30  SGD  0.4 5% 365 1
Trading:
00.30 - 20.45

Break:
09.10 - 09.40
20.45 - 00.30
UK100.IXC  UK
FTSE 100
GBP  1 5% 365 1
Trading:
00.00 - 20.00

Break:
20.00 - 00.00 
US30.IXC  US
Dow Jones
USD  2 5% 360 1
Trading:
22.00 - 21.00

Break:
20.15 - 20.30
21.00 - 22.00 
USTEC.IXC  US Nasdaq  USD  2 5% 360 1
Trading:
22.00 - 21.00

Break:
20.15 - 20.30
21.00 - 22.00
 
US500.IXC  US S&P  USD  2 5% 360 1
Trading:
22.00 - 21.00

Break:
20.15 - 20.30
21.00 - 22.00
 
Trading Hours are subject to change due to Daylight Savings
 
 
*Index Currency – All profit/loss, financing and dividends will be posted in the index currency
*Target Spread – Bid/Ask spread during peak trading hours. Spreads may vary during off peak hours and certain market events
*Margin – Margin rates are subjected to change in case of volatile market conditions. Please refer to Margin Table in trading platform for latest rates
 

Cash Index CFD Live market data is free and available to all CFD customers via our trading platform. Just type in /CFDINDEX in your quote screen to see live quotes for Cash Index CFD.
 
   
Trading Scenarios  
Click here for Trading Examples
Click here for Financing Examples
Click here for Dividend Examples
 
   
Getting Started with Cash Index CFD  
If you are an existing client, you will be able to trade Cash Index CFDs. Click on "Margin Table" button in your trading platform and search for the "IXC" Exchange

However, if "IXC" Exchange is not available in your trading platform margin table, please contact your Futures Broker’s Representative or email us at futuresbroking.my@cgs-cimb.com for assistance.
 
   
Commission & Financing Rates  
Commission is charged on each CFD trade and is calculated as a percentage of the full contract value of the underlying stock that is bought or sold. Financing is charged daily on any CFD position held overnight.  
   
Data Feed Charges  
Investors trading in other foreign market CFDs are required to subscribe for foreign market data feed.
Please click on the following schedule for details.
 
   
Commission, Financing and Market Data Charges  
Equities Markets
Using our DMA platform, you can get ‘live’ data feeds from all the markets that we provide. Get the comprehensive list of counters and their useful related information from the following links*
* CFD lists are indicative only. For the up-to-date list, please login to our platform and refer to the margin table.
 
TRADING HOURS
Country  Exchange 
 Market
 Trading Hours  Trading Hours
 (Malaysia Time)
 Trading Hours
 (Malaysia Time during daylight
 savings*)
 Singapore    SGX  
 Pre-opening: 8.30am - (8.58am -
 8.59am)
 Non-Cancel: (8.58am - 8.59am) -
 9.00am
 Trading: 9.00am - 12.00pm
 Lunch: 12.00pm - 1.00pm
 Trading: 1.00pm - 5.00pm
 Pre-closing: 5.00pm - (5.04pm - 
 5.05pm)
 Non-Cancel: (5.04pm - 5.05pm) - 
 5.06pm
 Trade at Close: 5.06pm - 5.16pm
 
 SAME  N.A.

 Hong   Kong 

 HKSE  
 Trading: 9.30am - 12.00pm
 Lunch: 12.00pm - 1.00pm
 Trading: 1.00pm - 4.00pm
 Reference Price Fixing: 4.00pm – 
 4.01pm
 Order Input: 4.01pm – 4.06pm
 No Cancellation: 4.06pm – 4.08pm
 Random Closing: 4.08pm –
 4.10pm
 
 SAME  N.A.
 USA  
 NYSE &
 NASDAQ 
 
 9.30 am – 4.00 pm  10.30 pm – 5.00 am  9.30 pm – 4.00 am
 Australia  ASX  
 Pre-opening: 7.00am - 10.00am
 Trading: 10.00am - 4.00pm
 Pre-CSPA: 4:00pm - 4:10pm
 Closing Single Price Auction:     4.10pm - 4.12pm
 
 Pre-opening: 5.00am - 8.00am
 Trading: 8.00am - 2.00pm
 Pre-CSPA: 2:00pm - 2:10pm
 Closing Single Price Auction:   2.10pm - 2.12pm
 Pre-opening: 4.00am - 7.00am
 Trading: 7.00am - 1.00pm
 Pre-CSPA: 1:00pm - 1:10pm
 Closing Single Price Auction:   1.10pm - 1.12pm
*US Daylight Saving Time - begins each year at 2 a.m. on the second Sunday of March and ends at 2 a.m. on the first Sunday of November.
*Australia Daylight Saving Time - begins at 2am (AEST) on the first Sunday in October and ends at 2am (AEST) (which is 3am Australian Eastern Daylight Time) on the first Sunday in April.
 
Cash Index CFD
CGS-CIMB Futures Cash Index CFD allows you to trade the world’s leading indices.
The price of the Cash Index CFD is directly related to the underlying index and is derived by adjusting the Futures price by Fair Value to account for interest and dividends.

You can take a long or short view of the market and potentially profit from a move in either direction.

Using Index CFD to short the market in one trade is a great way to hedge your equity portfolio quickly and easily in times of doubt.

Trade the world's global markets, commission free via our Index CFDs. Trade long, short or even hedge your existing share portfolio with the click of a button.

Margin rates start from as low as 5% for major indices.
 
Advantages of Cash Index CFD
  • Transparent price, tight spreads and substantial liquidity provided by our liquidity provider
  • Clients can now trade multiple asset types in single trading account (Equity CFD & Index CFD)
  • No commission cost
  • Cash settled and non-expiring
  • No hidden expiry rollover cost
  • Minimum trade size of 1 index available except on JP225.
  • Contract value are lower than actual Index Futures therefore provides flexibility to speculate or hedge existing equity portfolio against macro market events
 
Cash Index CFD Product List
Code Underlyng
Reference
Index
Index
Currency
*
Target
Spread
*
Margin
*
Financing
Days
Min
Trade
Size
Trading
Hours
(GMT)
Order 
Types
AX200.IXC Australia
200
AUD 1 5% 365 1
Trading:
23.50 - 21.00

Break:
06.30 - 07.10
21.00 - 23.50

 
 
 
 
 

Price
Instruction: 
Market, Limit, Stop
 
Lifetime
Instruction: 
Good till Cancel, Date
 
CO Orders: 
OCO, FIXEDCO, Trailing CO

CN.H.IXC China
H-SHARES
HKD  6 5% 365 1
Trading:
01.15 - 19.00

Break:
04.00 - 05.00
08.30 - 09.15
19.00 - 01.15
CNA50.IXC China A50  USD 3 20% 360 1
Trading:
01.00 - 20.45

Break:
08.30 - 09.00
20.45 - 01.00
EX50.IXC  Euro
Stoxx 50 
EUR 2 10% 360 1
Trading:
00.15 - 20.00

Break:
20.00 - 00.15
FR40.IXC  France
CAC 40
EUR 1 5% 360 1
Trading:
06.00 - 20.00

Break:
20.00 - 06.00 
GR30.IXC  Germany DAX 30  EUR 1 5% 360 1 Trading:
00.15 - 20.00
Break:
20.00 - 00.15 
HK50.IXC  Hong Kong Hang Seng  HKD 5 5% 365 1
Trading:
01.15 - 19.00

Break:
04.00 - 05.00
08.30 - 09.15
19.00 - 01.15
JP225.IXC  Japan
Nikkei 225 
JPY 8 5% 365 10
Trading:
22.00 - 21.00

Break:
21.00 - 22.00 
SING.IXC  Singapore 30  SGD  0.4 5% 365 1
Trading:
00.30 - 20.45

Break:
09.10 - 09.40
20.45 - 00.30
UK100.IXC  UK
FTSE 100
GBP  1 5% 365 1
Trading:
00.00 - 20.00

Break:
20.00 - 00.00 
US30.IXC  US
Dow Jones
USD  2 5% 360 1
Trading:
22.00 - 21.00

Break:
20.15 - 20.30
21.00 - 22.00 
USTEC.IXC  US Nasdaq  USD  2 5% 360 1
Trading:
22.00 - 21.00

Break:
20.15 - 20.30
21.00 - 22.00
 
US500.IXC  US S&P  USD  2 5% 360 1
Trading:
22.00 - 21.00

Break:
20.15 - 20.30
21.00 - 22.00
Trading Hours are subject to change due to Daylight Savings
 
*Index Currency – All profit/loss, financing and dividends will be posted in the index currency
*Target Spread – Bid/Ask spread during peak trading hours. Spreads may vary during off peak hours and certain market events
*Margin – Margin rates are subjected to change in case of volatile market conditions. Please refer to Margin Table in trading platform for latest rates
 
Cash Index CFD Live market data is free and available to all CFD customers via our trading platform. Just type in /CFDINDEX in your quote screen to see live quotes for Cash Index CFD.
 
Trading Scenarios
Click here for Trading Examples
Click here for Financing Examples
Click here for Dividend Examples
 
Getting Started with Cash Index CFD
If you are an existing client, you will be able to trade Cash Index CFDs. Click on "Margin Table" button in your trading platform and search for the "IXC" Exchange

However, if "IXC" Exchange is not available in your trading platform margin table, please contact your Futures Broker’s Representative or email us at futuresbroking.my@cgs-cimb.com for assistance.
 
Commission & Financing Rates
Commission is charged on each CFD trade and is calculated as a percentage of the full contract value of the underlying stock that is bought or sold. Financing is charged daily on any CFD position held overnight.
 
Data Feed Charges
Investors trading in other foreign market CFDs are required to subscribe for foreign market data feed.
Please click on the following schedule for details.
 
Commission, Financing and Market Data Charges



Equities Markets
Using our DMA platform, you can get ‘live’ data feeds from all the markets that we provide. Get the comprehensive list of counters and their useful related information from the following links*
* CFD lists are indicative only. For the up-to-date list, please login to our platform and refer to the margin table.
 
TRADING HOURS
 Country  Exchange 
 Market
 Trading Hours  Trading Hours
 (Malaysia Time)
 Trading Hours
 (Malaysia Time during daylight
 savings*)
 Singapore    SGX  
 Pre-opening: 8.30am - (8.58am -
 8.59am)
 Non-Cancel: (8.58am - 8.59am) -
 9.00am
 Trading: 9.00am - 12.00pm
 Lunch: 12.00pm - 1.00pm
 Trading: 1.00pm - 5.00pm
 Pre-closing: 5.00pm - (5.04pm - 
 5.05pm)
 Non-Cancel: (5.04pm - 5.05pm) - 
 5.06pm
 Trade at Close: 5.06pm - 5.16pm
 
 SAME  N.A.
 Hong 
 Kong 
 HKSE  
 Trading: 9.30am - 12.00pm
 Lunch: 12.00pm - 1.00pm
 Trading: 1.00pm - 4.00pm
 Reference Price Fixing: 4.00pm – 
 4.01pm
 Order Input: 4.01pm – 4.06pm
 No Cancellation: 4.06pm – 4.08pm
 Random Closing: 4.08pm –
 4.10pm
 
 SAME  N.A.
 USA  
 NYSE &
 NASDAQ 
 
 9.30 am – 4.00 pm  10.30 pm – 5.00 am  9.30 pm – 4.00 am
 Australia  ASX  
 Pre-opening: 7.00am - 10.00am
 Trading: 10.00am - 4.00pm
 Pre-CSPA: 4:00pm - 4:10pm
 Closing Single Price Auction:     4.10pm - 4.12pm
 
 Pre-opening: 5.00am - 8.00am
 Trading: 8.00am - 2.00pm
 Pre-CSPA: 2:00pm - 2:10pm
 Closing Single Price Auction:   2.10pm - 2.12pm
 Pre-opening: 4.00am - 7.00am
 Trading: 7.00am - 1.00pm
 Pre-CSPA: 1:00pm - 1:10pm
 Closing Single Price Auction:   1.10pm - 1.12pm
*US Daylight Saving Time - begins each year at 2 a.m. on the second Sunday of March and ends at 2 a.m. on the first Sunday of November.
*Australia Daylight Saving Time - begins at 2am (AEST) on the first Sunday in October and ends at 2am (AEST) (which is 3am Australian Eastern Daylight Time) on the first Sunday in April.
 
Cash Index CFD
CGS-CIMB Futures Cash Index CFD allows you to trade the world’s leading indices.

The price of the Cash Index CFD is directly related to the underlying index and is derived by adjusting the Futures price by Fair Value to account for interest and dividends.

You can take a long or short view of the market and potentially profit from a move in either direction.

Using Index CFD to short the market in one trade is a great way to hedge your equity portfolio quickly and easily in times of doubt.

Trade the world's global markets, commission free via our Index CFDs. Trade long, short or even hedge your existing share portfolio with the click of a button.

Margin rates start from as low as 5% for major indices.
 
Advantages of Cash Index CFD
  • Transparent price, tight spreads and substantial liquidity provided by our liquidity provider
  • Clients can now trade multiple asset types in single trading account (Equity CFD & Index CFD)
  • No commission cost
  • Cash settled and non-expiring
  • No hidden expiry rollover cost
  • Minimum trade size of 1 index available except on JP225.
  • Contract value are lower than actual Index Futures therefore provides flexibility to speculate or hedge existing equity portfolio against macro market events
 
Cash Index CFD Product List
Index 
Code
Underlyng
Reference
Index
Index
Currency
*
Traget
Spread
*
Margin
*
Financing
Days
Min
Trade
Size
Trading
Hours
(GMT)
Order 
Types
AX200.IXC Australia
200
AUD 1 5% 365 1
Trading:
23.50 - 21.00

Break:
06.30 - 07.10
21.00 - 23.50

 
 
 
 
 

Price
Instruction: 
Market, Limit, Stop
 
Lifetime
Instruction: 
Good till Cancel, Date
 
CO Orders: 
OCO, FIXEDCO, Trailing CO

CN.H.IXC China
H-SHARES
HKD  6 5% 365 1
Trading:
01.15 - 19.00

Break:
04.00 - 05.00
08.30 - 09.15
19.00 - 01.15
CNA50.IXC China A50  USD 3 20% 360 1
Trading:
01.00 - 20.45

Break:
08.30 - 09.00
20.45 - 01.00
EX50.IXC  Euro
Stoxx 50 
EUR 2 10% 360 1
Trading:
00.15 - 20.00

Break:
20.00 - 00.15
FR40.IXC  France
CAC 40
EUR 1 5% 360 1
Trading:
06.00 - 20.00

Break:
20.00 - 06.00 
GR30.IXC  Germany DAX 30  EUR 1 5% 360 1 Trading:
00.15 - 20.00
Break:
20.00 - 00.15 
HK50.IXC  Hong Kong Hang Seng  HKD 5 5% 365 1
Trading:
01.15 - 19.00

Break:
04.00 - 05.00
08.30 - 09.15
19.00 - 01.15
JP225.IXC  Japan
Nikkei 225 
JPY 8 5% 365 10
Trading:
22.00 - 21.00

Break:
21.00 - 22.00 
SING.IXC  Singapore 30  SGD  0.4 5% 365 1
Trading:
00.30 - 20.45

Break:
09.10 - 09.40
20.45 - 00.30
UK100.IXC  UK
FTSE 100
GBP  1 5% 365 1
Trading:
00.00 - 20.00

Break:
20.00 - 00.00 
US30.IXC  US
Dow Jones
USD  2 5% 360 1
Trading:
22.00 - 21.00

Break:
20.15 - 20.30
21.00 - 22.00 
USTEC.IXC  US Nasdaq  USD  2 5% 360 1
Trading:
22.00 - 21.00

Break:
20.15 - 20.30
21.00 - 22.00
 
US500.IXC  US S&P  USD  2 5% 360 1
Trading:
22.00 - 21.00

Break:
20.15 - 20.30
21.00 - 22.00
 
Trading Hours are subject to change due to Daylight Savings
 
 
*Index Currency – All profit/loss, financing and dividends will be posted in the index currency
*Target Spread – Bid/Ask spread during peak trading hours. Spreads may vary during off peak hours and certain market events
*Margin – Margin rates are subjected to change in case of volatile market conditions. Please refer to Margin Table in trading platform for latest rates
 

Cash Index CFD Live market data is free and available to all CFD customers via our trading platform. Just type in /CFDINDEX in your quote screen to see live quotes for Cash Index CFD.
 
   
Trading Scenarios  
Click here for Trading Examples
Click here for Financing Examples
Click here for Dividend Examples
 
   
Getting Started with Cash Index CFD  
If you are an existing client, you will be able to trade Cash Index CFDs. Click on "Margin Table" button in your trading platform and search for the "IXC" Exchange

However, if "IXC" Exchange is not available in your trading platform margin table, please contact your Futures Broker’s Representative or email us at futuresbroking.my@cgs-cimb.com for assistance.
 
   
Commission & Financing Rates  
Commission is charged on each CFD trade and is calculated as a percentage of the full contract value of the underlying stock that is bought or sold. Financing is charged daily on any CFD position held overnight.  
   
Data Feed Charges  
Investors trading in other foreign market CFDs are required to subscribe for foreign market data feed.
Please click on the following schedule for details.
 
   
Commission, Financing and Market Data Charges  

Equities Markets
Using our DMA platform, you can get ‘live’ data feeds from all the markets that we provide. Get the comprehensive list of counters and their useful related information from the following links*
* CFD lists are indicative only. For the up-to-date list, please login to our platform and refer to the margin table.
 
TRADING HOURS
 Country  Exchange 
 Market
 Trading Hours  Trading Hours
 (Malaysia Time)
 Trading Hours
 (Malaysia Time during daylight
 savings*)
 Singapore    SGX  
 Pre-opening: 8.30am - (8.58am -
 8.59am)
 Non-Cancel: (8.58am - 8.59am) -
 9.00am
 Trading: 9.00am - 12.00pm
 Lunch: 12.00pm - 1.00pm
 Trading: 1.00pm - 5.00pm
 Pre-closing: 5.00pm - (5.04pm - 
 5.05pm)
 Non-Cancel: (5.04pm - 5.05pm) - 
 5.06pm
 Trade at Close: 5.06pm - 5.16pm
 
 SAME  N.A.
 Hong 
 Kong 
 HKSE  
 Trading: 9.30am - 12.00pm
 Lunch: 12.00pm - 1.00pm
 Trading: 1.00pm - 4.00pm
 Reference Price Fixing: 4.00pm – 
 4.01pm
 Order Input: 4.01pm – 4.06pm
 No Cancellation: 4.06pm – 4.08pm
 Random Closing: 4.08pm –
 4.10pm
 
 SAME  N.A.
 USA  
 NYSE &
 NASDAQ 
 
 9.30 am – 4.00 pm  10.30 pm – 5.00 am  9.30 pm – 4.00 am
 Australia  ASX  
 Pre-opening: 7.00am - 10.00am
 Trading: 10.00am - 4.00pm
 Pre-CSPA: 4:00pm - 4:10pm
 Closing Single Price Auction:     4.10pm - 4.12pm
 
 Pre-opening: 5.00am - 8.00am
 Trading: 8.00am - 2.00pm
 Pre-CSPA: 2:00pm - 2:10pm
 Closing Single Price Auction:   2.10pm - 2.12pm
 Pre-opening: 4.00am - 7.00am
 Trading: 7.00am - 1.00pm
 Pre-CSPA: 1:00pm - 1:10pm
 Closing Single Price Auction:   1.10pm - 1.12pm
*US Daylight Saving Time - begins each year at 2 a.m. on the second Sunday of March and ends at 2 a.m. on the first Sunday of November.
*Australia Daylight Saving Time - begins at 2am (AEST) on the first Sunday in October and ends at 2am (AEST) (which is 3am Australian Eastern Daylight Time) on the first Sunday in April.
 
Cash Index CFD
CGS-CIMB Futures Cash Index CFD allows you to trade the world’s leading indices.

The price of the Cash Index CFD is directly related to the underlying index and is derived by adjusting the Futures price by Fair Value to account for interest and dividends.

You can take a long or short view of the market and potentially profit from a move in either direction.

Using Index CFD to short the market in one trade is a great way to hedge your equity portfolio quickly and easily in times of doubt.

Trade the world's global markets, commission free via our Index CFDs. Trade long, short or even hedge your existing share portfolio with the click of a button.

Margin rates start from as low as 5% for major indices.
 
Advantages of Cash Index CFD
  • Transparent price, tight spreads and substantial liquidity provided by our liquidity provider
  • Clients can now trade multiple asset types in single trading account (Equity CFD & Index CFD)
  • No commission cost
  • Cash settled and non-expiring
  • No hidden expiry rollover cost
  • Minimum trade size of 1 index available except on JP225.
  • Contract value are lower than actual Index Futures therefore provides flexibility to speculate or hedge existing equity portfolio against macro market events
 
Cash Index CFD Product List
Index 
Code
Underlyng
Reference
Index
Index
Currency
*
Traget
Spread
*
Margin
*
Financing
Days
Min
Trade
Size
Trading
Hours
(GMT)
Order 
Types
AX200.IXC Australia
200
AUD 1 5% 365 1
Trading:
23.50 - 21.00

Break:
06.30 - 07.10
21.00 - 23.50

 
 
 
 
 

Price
Instruction: 
Market, Limit, Stop
 
Lifetime
Instruction: 
Good till Cancel, Date
 
CO Orders: 
OCO, FIXEDCO, Trailing CO

CN.H.IXC China
H-SHARES
HKD  6 5% 365 1
Trading:
01.15 - 19.00

Break:
04.00 - 05.00
08.30 - 09.15
19.00 - 01.15
CNA50.IXC China A50  USD 3 20% 360 1
Trading:
01.00 - 20.45

Break:
08.30 - 09.00
20.45 - 01.00
EX50.IXC  Euro
Stoxx 50 
EUR 2 10% 360 1
Trading:
00.15 - 20.00

Break:
20.00 - 00.15
FR40.IXC  France
CAC 40
EUR 1 5% 360 1
Trading:
06.00 - 20.00

Break:
20.00 - 06.00 
GR30.IXC  Germany DAX 30  EUR 1 5% 360 1 Trading:
00.15 - 20.00
Break:
20.00 - 00.15 
HK50.IXC  Hong Kong Hang Seng  HKD 5 5% 365 1
Trading:
01.15 - 19.00

Break:
04.00 - 05.00
08.30 - 09.15
19.00 - 01.15
JP225.IXC  Japan
Nikkei 225 
JPY 8 5% 365 10
Trading:
22.00 - 21.00

Break:
21.00 - 22.00 
SING.IXC  Singapore 30  SGD  0.4 5% 365 1
Trading:
00.30 - 20.45

Break:
09.10 - 09.40
20.45 - 00.30
UK100.IXC  UK
FTSE 100
GBP  1 5% 365 1
Trading:
00.00 - 20.00

Break:
20.00 - 00.00 
US30.IXC  US
Dow Jones
USD  2 5% 360 1
Trading:
22.00 - 21.00

Break:
20.15 - 20.30
21.00 - 22.00 
USTEC.IXC  US Nasdaq  USD  2 5% 360 1
Trading:
22.00 - 21.00

Break:
20.15 - 20.30
21.00 - 22.00
 
US500.IXC  US S&P  USD  2 5% 360 1
Trading:
22.00 - 21.00

Break:
20.15 - 20.30
21.00 - 22.00
 
Trading Hours are subject to change due to Daylight Savings
 
 
*Index Currency – All profit/loss, financing and dividends will be posted in the index currency
*Target Spread – Bid/Ask spread during peak trading hours. Spreads may vary during off peak hours and certain market events
*Margin – Margin rates are subjected to change in case of volatile market conditions. Please refer to Margin Table in trading platform for latest rates
 

Cash Index CFD Live market data is free and available to all CFD customers via our trading platform. Just type in /CFDINDEX in your quote screen to see live quotes for Cash Index CFD.
 
   
Trading Scenarios  
Click here for Trading Examples
Click here for Financing Examples
Click here for Dividend Examples
 
   
Getting Started with Cash Index CFD  
If you are an existing client, you will be able to trade Cash Index CFDs. Click on "Margin Table" button in your trading platform and search for the "IXC" Exchange

However, if "IXC" Exchange is not available in your trading platform margin table, please contact your Futures Broker’s Representative or email us at futuresbroking.my@cgs-cimb.com for assistance.
 
   
Commission & Financing Rates  
Commission is charged on each CFD trade and is calculated as a percentage of the full contract value of the underlying stock that is bought or sold. Financing is charged daily on any CFD position held overnight.  
   
Data Feed Charges  
Investors trading in other foreign market CFDs are required to subscribe for foreign market data feed.
Please click on the following schedule for details.
 
   
Commission, Financing and Market Data Charges  

Equities Markets
Using our DMA platform, you can get ‘live’ data feeds from all the markets that we provide. Get the comprehensive list of counters and their useful related information from the following links*
* CFD lists are indicative only. For the up-to-date list, please login to our platform and refer to the margin table.
 
TRADING HOURS
 Country  Exchange 
 Market
 Trading Hours  Trading Hours
 (Malaysia Time)
 Trading Hours
 (Malaysia Time during daylight
 savings*)
 Singapore    SGX  
 Pre-opening: 8.30am - (8.58am -
 8.59am)
 Non-Cancel: (8.58am - 8.59am) -
 9.00am
 Trading: 9.00am - 12.00pm
 Lunch: 12.00pm - 1.00pm
 Trading: 1.00pm - 5.00pm
 Pre-closing: 5.00pm - (5.04pm - 
 5.05pm)
 Non-Cancel: (5.04pm - 5.05pm) - 
 5.06pm
 Trade at Close: 5.06pm - 5.16pm
 
 SAME  N.A.
 Hong 
 Kong 
 HKSE  
 Trading: 9.30am - 12.00pm
 Lunch: 12.00pm - 1.00pm
 Trading: 1.00pm - 4.00pm
 Reference Price Fixing: 4.00pm – 
 4.01pm
 Order Input: 4.01pm – 4.06pm
 No Cancellation: 4.06pm – 4.08pm
 Random Closing: 4.08pm –
 4.10pm
 
 SAME  N.A.
 USA  
 NYSE &
 NASDAQ 
 
 9.30 am – 4.00 pm  10.30 pm – 5.00 am  9.30 pm – 4.00 am
 Australia  ASX  
 Pre-opening: 7.00am - 10.00am
 Trading: 10.00am - 4.00pm
 Pre-CSPA: 4:00pm - 4:10pm
 Closing Single Price Auction:     4.10pm - 4.12pm
 
 Pre-opening: 5.00am - 8.00am
 Trading: 8.00am - 2.00pm
 Pre-CSPA: 2:00pm - 2:10pm
 Closing Single Price Auction:   2.10pm - 2.12pm
 Pre-opening: 4.00am - 7.00am
 Trading: 7.00am - 1.00pm
 Pre-CSPA: 1:00pm - 1:10pm
 Closing Single Price Auction:   1.10pm - 1.12pm
*US Daylight Saving Time - begins each year at 2 a.m. on the second Sunday of March and ends at 2 a.m. on the first Sunday of November.
*Australia Daylight Saving Time - begins at 2am (AEST) on the first Sunday in October and ends at 2am (AEST) (which is 3am Australian Eastern Daylight Time) on the first Sunday in April.
 
Cash Index CFD
CGS-CIMB Futures Cash Index CFD allows you to trade the world’s leading indices.

The price of the Cash Index CFD is directly related to the underlying index and is derived by adjusting the Futures price by Fair Value to account for interest and dividends.

You can take a long or short view of the market and potentially profit from a move in either direction.

Using Index CFD to short the market in one trade is a great way to hedge your equity portfolio quickly and easily in times of doubt.

Trade the world's global markets, commission free via our Index CFDs. Trade long, short or even hedge your existing share portfolio with the click of a button.

Margin rates start from as low as 5% for major indices.
 
Advantages of Cash Index CFD
  • Transparent price, tight spreads and substantial liquidity provided by our liquidity provider
  • Clients can now trade multiple asset types in single trading account (Equity CFD & Index CFD)
  • No commission cost
  • Cash settled and non-expiring
  • No hidden expiry rollover cost
  • Minimum trade size of 1 index available except on JP225.
  • Contract value are lower than actual Index Futures therefore provides flexibility to speculate or hedge existing equity portfolio against macro market events
 
Cash Index CFD Product List
Index 
Code
Underlyng
Reference
Index
Index
Currency
*
Traget
Spread
*
Margin
*
Financing
Days
Min
Trade
Size
Trading
Hours
(GMT)
Order 
Types
AX200.IXC Australia
200
AUD 1 5% 365 1
Trading:
23.50 - 21.00

Break:
06.30 - 07.10
21.00 - 23.50

 
 
 
 
 

Price
Instruction: 
Market, Limit, Stop
 
Lifetime
Instruction: 
Good till Cancel, Date
 
CO Orders: 
OCO, FIXEDCO, Trailing CO

CN.H.IXC China
H-SHARES
HKD  6 5% 365 1
Trading:
01.15 - 19.00

Break:
04.00 - 05.00
08.30 - 09.15
19.00 - 01.15
CNA50.IXC China A50  USD 3 20% 360 1
Trading:
01.00 - 20.45

Break:
08.30 - 09.00
20.45 - 01.00
EX50.IXC  Euro
Stoxx 50 
EUR 2 10% 360 1
Trading:
00.15 - 20.00

Break:
20.00 - 00.15
FR40.IXC  France
CAC 40
EUR 1 5% 360 1
Trading:
06.00 - 20.00

Break:
20.00 - 06.00 
GR30.IXC  Germany DAX 30  EUR 1 5% 360 1 Trading:
00.15 - 20.00
Break:
20.00 - 00.15 
HK50.IXC  Hong Kong Hang Seng  HKD 5 5% 365 1
Trading:
01.15 - 19.00

Break:
04.00 - 05.00
08.30 - 09.15
19.00 - 01.15
JP225.IXC  Japan
Nikkei 225 
JPY 8 5% 365 10
Trading:
22.00 - 21.00

Break:
21.00 - 22.00 
SING.IXC  Singapore 30  SGD  0.4 5% 365 1
Trading:
00.30 - 20.45

Break:
09.10 - 09.40
20.45 - 00.30
UK100.IXC  UK
FTSE 100
GBP  1 5% 365 1
Trading:
00.00 - 20.00

Break:
20.00 - 00.00 
US30.IXC  US
Dow Jones
USD  2 5% 360 1
Trading:
22.00 - 21.00

Break:
20.15 - 20.30
21.00 - 22.00 
USTEC.IXC  US Nasdaq  USD  2 5% 360 1
Trading:
22.00 - 21.00

Break:
20.15 - 20.30
21.00 - 22.00
 
US500.IXC  US S&P  USD  2 5% 360 1
Trading:
22.00 - 21.00

Break:
20.15 - 20.30
21.00 - 22.00
 
Trading Hours are subject to change due to Daylight Savings
 
 
*Index Currency – All profit/loss, financing and dividends will be posted in the index currency
*Target Spread – Bid/Ask spread during peak trading hours. Spreads may vary during off peak hours and certain market events
*Margin – Margin rates are subjected to change in case of volatile market conditions. Please refer to Margin Table in trading platform for latest rates
 

Cash Index CFD Live market data is free and available to all CFD customers via our trading platform. Just type in /CFDINDEX in your quote screen to see live quotes for Cash Index CFD.
 
   
Trading Scenarios  
Click here for Trading Examples
Click here for Financing Examples
Click here for Dividend Examples
 
   
Getting Started with Cash Index CFD  
If you are an existing client, you will be able to trade Cash Index CFDs. Click on "Margin Table" button in your trading platform and search for the "IXC" Exchange

However, if "IXC" Exchange is not available in your trading platform margin table, please contact your Futures Broker’s Representative or email us at futuresbroking.my@cgs-cimb.com for assistance.
 
   
Commission & Financing Rates  
Commission is charged on each CFD trade and is calculated as a percentage of the full contract value of the underlying stock that is bought or sold. Financing is charged daily on any CFD position held overnight.  
   
Data Feed Charges  
Investors trading in other foreign market CFDs are required to subscribe for foreign market data feed.
Please click on the following schedule for details.
 
   
Commission, Financing and Market Data Charges  

1. Currently, CFD can only be traded by sophisticated investors (i.e. any person who falls within any of the categories of investors set out in Part 1 of Schedule 6 and 7 of the Capital Markets and Services Act 2007).  CFD is a complex leveraged product and you are advised to fully understand the risks associated with CFD before trading them.
 
2. As an individual client, you must:
 
3. As a corporate client, you must:

a. Certificate of Incorporation or Notice of Registration
b. Memorandum and Articles of Association or Constitution (if applicable)
c. Board Resolution
d. NRIC / Passport of Directors, Authorised Persons and Shareholders with equity interest of more than 25% (both sides)
e. Return giving particulars & changes in Directors, Managers & Secretaries
f. Forms of Allotment of Shares
g. Notice of Situation of Registered Office and of Office Hours and Particulars of Changes
h. Latest Audited Accounts / Financial Statements

 
4. If you wish to subscribe for live market data feed, please submit the Market Data Subscription FormNASDAQ Subscriber Agreement and U.S. NYSE Subscriber Agreement Form (Non-Professional) / U.S. NYSE Subscriber Agreement Form (Professional). Please click here to view the Market Data Charges.
 
5. Kindly visit us at:

CGS-CIMB Futures Sdn Bhd
Level G, Tropicana City Office Tower
No. 3, Jalan SS20/27
47400 Petaling Jaya
Selangor
 
or Contact us at (603) 2265 8908 or (603) 2303 8908 or email us at futuresbroking.my@cgs-cimb.com

1.

 
You are required to place up-front cash as an Initial Margin (the minimum value is determined by CGS-CIMB Futures Sdn Bhd, which may differ from time to time) before trading. Please refer to Margin Table in trading platform for the latest rates.
 
2. You can deposit by:
   
  • Cash/Cheque payment over the bank counter or ATM Machine - Deposit your cash/cheque at any CIMB Bank branches. 
  • CIMB Clicks – Perform online transfer to CGS-CIMB Futures Sdn Bhd’s account with CIMB Bank.
All payment must be made in favour of "CGS-CIMB Futures Sdn Bhd for (Name of Client)". 

Currency CIMB Bank Account
MYR 8009632050
USD 800963207440
EUR 800963208630
AUD 800963210550
CNY 800963212921
GBP 800963213131
SGD 800963230502
HKD 800963242422
JPY 800963247420
  a.



 

Cheque Deposit
Cheque payments must be made in the name of "CGS-CIMB Futures Sdn Bhd for (Name of Client)".
All payments by cheque must be supported by documents below to facilitate verification of the identity of cheque issuer:
(i) a clear copy of cheque  image  and
(ii) direct bank-in form
 
  b.





 
Interbank Fund Transfer/Payment
For online interbank fund transfer/payment, below must be stated as recipient reference:
1.     trading account number and
2.     trading account holder’s name or NRIC/Passport No.

This is to ensure that funds transferred are applied to the intended and rightful recipient.
 
  Kindly also be reminded :-
  • to ensure receipt of proper documentation including daily statements and monthly statements for all transactions undertaken;
  • to verify with CGS-CIMB Futures directly if there is any doubt on the authenticity of documents received from CGS-CIMB Futures‘ licensed Futures Broker’s Representative or anyone holding out as representing CGS-CIMB Futures;
  • not to pay cash to or bank in monies directly into the bank account of CGS-CIMB Futures Sdn Bhd ‘s licensed Futures Broker’s Representative or anyone holding out as representing CGS-CIMB Futures Sdn Bhd.
3.





 
Withdrawal

How do I withdraw my cash?

Print and complete this Withdrawal Request Form. Thereafter, fax or email the duly signed copy to your Futures Broker’s Representative.

Please contact your respective licensed Futures Broker’s Representative or Central Dealing Team at (603) 2265 8908 / 2303 8908 should you have any enquiries
 

CFD Investor
 
Q1. Who can invest in CFD?
Currently, CFDs can only be traded by sophisticated investors (i.e. any person who falls within any of the categories of investors set out in Part 1 of Schedule 6 and 7 of the CMSA). 
 
CFD Trading
 
Q1. How are CFD prices quoted?
CGS-CIMB Futures CFD uses Direct Market Access (DMA).
DMA allows our CFD clients to have direct market access to the underlying security market through our CFD platform. CFD clients will be participating in the market at prices identical to that of the underlying security market.
 

Q2. How is the CFD contract value computed?
CFD Contract Value = Quantity of CFD contract X CFD Price


Q3. What is the contract size of CFDs?
As CGS-CIMB Futures uses the Direct Market Access (DMA), contract size depends on the lot size that the underlying securities are traded in.


Q4. What are the trading hours for CFDs in the different markets?
Trading hours for CFDs are the same as the trading hours of the underlying securities and their respective exchanges, e.g. if the underlying security is listed on the Singapore Exchange ("SGX") the trading hours for that CFDs will be the same as the SGX trading hours.
Please refer to "Our Products" section for further details regarding trading hours.


Q5. Are the prices quoted live?
The market feed is delayed. For further details on the data feed costs, please click here and refer to the Data Feed Charges Schedule.


Q6. Are equity CFDs traded on the Stock Exchange?
No. CFD is an over-the-counter product and therefore is not traded on any exchange.


Q7. What are the counters available for CFD trading?
After logging into the CFD Trading Platform (Viewpoint), you may refer to the "Margin Watchlist" widget for tradable counters.


Q8. How long can I hold a CFD position?
There is no expiry on your CFD position. You can hold on to the position as long as you maintain the required margin, which may vary based on the daily mark-to-market pricing. You should note that financing charges are imposed on any open positions.
 
Please click here to view the Commission and Financing Tables.


Q9. Can my CFD orders be partially filled?
Yes. The balance of the order will continue to work in the market until it is either filled or cancelled.
For markets where orders can be placed Good-for-The-Day ("GTD") only, the balance orders will be cancelled at the end of the trading day.


Q10. Can I delete or amend the CFD orders?
Yes. If the order is not done, you can either delete or amend the CFD orders.


Q11. How would I know the status of my CFD orders?
You may view your order status under the "Order Pad" window of the CFD trading platform.
Alternatively, you may refer to the close of business statement sent on the following business day.


Q12. What will happen to my CFD position if the underlying securities are suspended?
If any of the CFD underlying securities ceases to be quoted on a relevant exchange, or are under halt/suspension, CGS-CIMB Futures may at its absolute discretion, elect to terminate the relevant CFD or vary the margin requirement for the CFD depending on the situation.
CGS-CIMB Futures will determine the CFD Contract Value at its sole discretion upon termination.


Q13. Is short-selling allowed?
Yes. Short-selling is allowed as long as the underlying security is available for short-selling. You are able to obtain the shortable list from the “Margin Watchlist”, sort for “Y” under “AllowShort” column.


Q14. What are the underlying securities available for shorting in equity CFDs?
For equity CFDs, the list of underlying securities that can be shorted are maintained online and may vary daily.
You are encouraged to check from the margin table in the CFD online trading system.


Q15. Do I earn interest on my CFD short position?
Yes. Interest is paid based on the Base Rate less mark-up as provided in the commission and funding rates schedule.
However, if the Base Rate is low for certain markets and after factoring in the mark-up rates imposed by CGS-CIMB Futures, you may end up paying interest for short position.
Example: If the Base Rate for SGD CFD is 0.5% p.a. and the mark-up is 3.75% p.a., you would need to pay the financing interest of 3.25% p.a. for the open short position.
Intraday trades do not incur interest. Interest is calculated based on end of day valuation of underlying position.


Q16. What are the types of collateral acceptable and what are the payment modes available?
Only cash is accepted as collateral for CFDs.


Q17. What are the costs and funding charges associated with trading in CFD?
Applicable charges are the CFD trading commission and funding charges for open CFD positions. Click on the link to find out more about the relevant charges.

Please click here to view the Commission, Financing and Market Data Charges
 

Q18. Are CFD clients entitled to dividends? 
A trade in equity CFD is not a trade in the underlying security.
You therefore do not receive cash or other dividends directly from the issuer of the underlying security as you are not the holder of the underlying security.
You will however receive an amount equivalent to the amount of such dividends from the CGS-CIMB Futures, to reflect the actual dividends paid on the underlying security.
Your CFD Account will be credited or debited accordingly with such amount. Dividend adjustments are applied if you have an open position in an underlying security on the ex-dividend date.

 
Q19. How will corporate actions affect my CFD positions?
All corporate actions (e.g. rights issues, bonus issues, capital repayments) that are applied to the underlying security will be reflected in the value of your CFD account.
To reflect the actual dividends paid on the underlying security of any equity CFD which you have entered into, on ex-date, your CFD Account will either be credited for long positions or debited on short positions with an amount equal to the value of any cash dividend.
Odd lots trading must be executed off-line through your Futures Broker’s Representative. CFDs do not confer voting rights in respect of the underlying security.
 
 
CFD Margin

Q1. What is the initial margin?
Initial margin is the margin that you must furnish in order to transact in a CFD and is calculated as a percentage of the full contract value.
Initial margin varies with different CFDs thus you would have to check online for the initial margin on the CFD that you intend to place an order on.
 

Q2. What is Free Equity?
Free Equity is the surplus funds in the CFD account available for creating new buy and sell positions. You will be unable to initiate new positions if your Free Equity is negative.
 

Q3. What is Gross Liquidation Value (GLV)?
GLV is the value of the account if all the positions are closed out at the current market price (excluding all the commission and charges).

GLV= Free Equity + Initial Margin
 

Q4. What is the daily mark-to-market pricing?
Mark-to-market is calculated based on the prevailing market prices of the underlying instrument. This means your initial margins required change in line with the markets movements.
Marked to Market (Initial Margin) = Quantity x Prevailing Market Price x Margin %
 

Q5. What is Margin Call?
A margin call occurs when you no longer have any free equity to cover the margin required to hold that position. You need to have funds in your account over and above that of the required margin to ensure you can cover any unrealised losses the position may incur.
 

Q6. How will I know I am subject to a margin call?
You will receive an email notification from CGS-CIMB Futures informing you of a margin call. You may refer to the Daily Activity Statement for the amount that you are required to top up.
 

Q7. Can I place an order without depositing the initial margin?
No. The system will reject the order if your account has insufficient funds to meet the initial margin requirement(s).
 

Q8. How long do I have before my margin call positions are force sold?
If CGS-CIMB Futures makes a margin call, you must place the amount of margin immediately or within a specified period of time which may be less than two (2) Business Days after the giving of such notice by CGS-CIMB Futures.
 
CGS-CIMB Futures has the sole discretion to force-close the outstanding CFD contracts without further notice to you if you fail to top up the required margin by the specified period of time.


Q9. How do I top up my CFD account when I receive a margin call?
Please refer to the Margin Deposit section.
 
 
CFD Cash Index

Q1. What is the contract size of CFD Cash Index value?
Contract size of CFD Cash Index = 1 * Index price.


Q2. How is the CFD Cash Index price derived?
CFD Cash Index prices are derived from actual underlying Futures after adjusting interest and dividend. However CFD Cash Index price may vary from actual Futures price due to fair-value adjustment. CGS-CIMB Futures liquidity provider provides price feed which CGS-CIMB Futures provide to customer directly without adding any spread.


Q3. How is the liquidity available for CFD Cash Index?
CGS-CIMB Futures CFD Cash Index has substantial liquidity provided by our liquidity providers. Liquidity can be seen in Bid/Ask Volume on quote screen.


Q4. Can I take short position in CFD Cash Index?
Yes, CGS-CIMB Futures CFD Cash Index are available for both Long and Short position.
 

Q5. Do CFD Cash Indexes expire?
No, CGS-CIMB Futures CFD Cash Indexes are non-expiring contracts. Customer can hold a position as long as the account maintains the minimum margin requirement of the position. There is no hidden cost for expiry roll over.
 

Q6. What is cost related to trading CFD Cash Index?
Only cost related to CFD Cash Index is overnight financing if position is held as of 05:00AM MY time. Please refer to CFD Index Financing illustration section for more details. There is no commission.


Q7. How do corporate actions and dividends affect my positions?
Dividends will be adjusted to your trading account if you are holding positions in an Index and when any constituent announces a dividend. Please refer to Cash Index Dividend illustration section.
Other corporate actions like bonus issue, rights issue, stock split, etc. do not have any impact on your CFD Cash Index position quantity. Index price adjustments will accommodate for these events.


Q8. How is profit and loss reflected in my account?
Unrealized profit and loss on your open positions will be reflected in your account statement in Index currency. Your trading platform will reflect all unrealized profit and loss converted into account base currency for valuation purpose only.
 
Realized profit and loss on your closed position will also be reflected in your account statement in Index currency. CFD Cash Index does not auto convert any cash flow resulted from CFD Cash Index trading into other currencies until instructed by customer.
 

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