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The
Kuala Lumpur Tin Market (KLTM) was incorporated on June
28, 1984 as a company limited by guarantee pursuant to the
Malaysian Companies Act, 1965. It opened for trading on
October 1, 1986. It replaced the 75-year-old Penang
Physical Market. The KLTM is a physical tin market where
buyers and sellers transact business directly. It
originally adopted the open outcry system where buyers and sellers meet to transact business on the floor by open
competitive trading, similar to the “Gold Fixing” system.
The KLTM has since migrated to an on-line electronic
trading to replace the open outcry trading system from 17
September 2001. The market starts daily at 10:30am,
Malaysian time, where bids and offers are matched and
balanced to arrive at an equilibrium price,
electronically. Only trading members of the KLTM can trade
on the exchange.
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