MARKET DEVELOPMENT
Bursa Malaysia Derivatives\' Volume Hits Daily Historical All-time High
Bursa Malaysia Derivatives\' Volume Hits Daily Historical All-time High
28/08/2013 (Bernama) - Bursa Malaysia hits a daily historical all-time high of 91,449 contracts traded, including negotiated large trades at the close of market Tuesday.
In a statement, Bursa Malaysia said the previous record volume was achieved on June 25, 2013 when the total volume traded was 87,123 contracts.
"The improvement in the FTSE Bursa Malaysia KLCI Futures (FKLI) contracts is due to the increased volatility in the underlying cash equity market," it said.
Bursa Malaysia said the stronger palm oil demand supported the FCPO contract volumes.
Bursa Malaysia Derivatives' Chief Executive Officer Chong Kim Seng said: "We anticipate this rising trend in traded volume to continue due to greater volatility and increased interest in the derivatives market."
In a statement, Bursa Malaysia said the previous record volume was achieved on June 25, 2013 when the total volume traded was 87,123 contracts.
"The improvement in the FTSE Bursa Malaysia KLCI Futures (FKLI) contracts is due to the increased volatility in the underlying cash equity market," it said.
Bursa Malaysia said the stronger palm oil demand supported the FCPO contract volumes.
Bursa Malaysia Derivatives' Chief Executive Officer Chong Kim Seng said: "We anticipate this rising trend in traded volume to continue due to greater volatility and increased interest in the derivatives market."