09/12/2011 (Business Times) - Market participants can now transact large-sized orders on futures contracts listed on Bursa Malaysia Derivatives via the Negotiated Large Trade (NLT) facility, according to Bursa Malaysia today.

"This newly introduced facility allows large trades to be transacted at a single price, thereby, minimising slippage and execution uncertainties," it said in a statement in Kuala Lumpur.

The exchange said the 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, it said.

It also said that 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," it added.