MARKET DEVELOPMENT
Bursa Malaysia Hopes Newly-introduced FPOL Will Sustain Its Advantages
Bursa Malaysia Hopes Newly-introduced FPOL Will Sustain Its Advantages
10/06/2014 (Bernama) - Bursa Malaysia Bhd hoped that its new products and strategies, namely, the new US dollar-dominated refined, bleached and deodorized palm olein futures contracts (FPOL), will sustain its unique advantages as Asean's multinational marketplace and drive investment growth.
It's Chief Executive Officer, Datuk Tajuddin Atan, said the new products, to commence trading on June 16, would include over 900 stocks, exchange-traded funds, stapled securities, bonds, exchange-traded bonds and sukuk, business trust and derivatives products, representing over 60 economic sectors.
"Today, we are capturing the attention of investors as the prime marketplace to buy into Asean's growth opportunities.
"We intend to stay on this growth path by bringing new tradable opportunities and growing our retail segment, primarily the Gen Y, to ensure a sustainable and globally competitive marketplace," he told a media briefing at the 10th Invest Malaysia Monday.
For the last five years, Tajuddin said, Bursa Malaysia has expanded by 184 per cent in terms of market capitalisation, diversity and multinational growth.
The new FPOL, together with the global benchmark the crude palm oil futures contract (FCPO), would firmly place Bursa Malaysia as the global marketplace for palm oil derivatives, he said.
"Refiners, palm olein end-users and fund managers will now have a complete solution to manage refining margin risk and hedge against unfavourable price movements in the crude palm oil and palm olein market.
"Essentially, having the new FPOL on Bursa Malaysia complements the FCPO to provide the futures palm oil in one marketplace," Tajuddin said.
He said Bursa Malaysia would be working in partnership with the FTSE to implement a FTSE4Good Index series based on Bursa Malaysia-listed companies.
"The introduction of a Bursa Malaysia-focused ESG index series will provide the marketplace an enhanced advantages in Asean, especially in attracting the US$3.4 trillion social responsibility investment from around the world," he said.
The Bursa Malaysia-focused FTSE4Good Index Series would instill greater confidence in Malaysia marketplace through greater transparency and openness for a market of this size and growth, he said.
"The index will be the first in Asia to be part of the globally benchmarked ESG Index Series," Tajuddin said.
It's Chief Executive Officer, Datuk Tajuddin Atan, said the new products, to commence trading on June 16, would include over 900 stocks, exchange-traded funds, stapled securities, bonds, exchange-traded bonds and sukuk, business trust and derivatives products, representing over 60 economic sectors.
"Today, we are capturing the attention of investors as the prime marketplace to buy into Asean's growth opportunities.
"We intend to stay on this growth path by bringing new tradable opportunities and growing our retail segment, primarily the Gen Y, to ensure a sustainable and globally competitive marketplace," he told a media briefing at the 10th Invest Malaysia Monday.
For the last five years, Tajuddin said, Bursa Malaysia has expanded by 184 per cent in terms of market capitalisation, diversity and multinational growth.
The new FPOL, together with the global benchmark the crude palm oil futures contract (FCPO), would firmly place Bursa Malaysia as the global marketplace for palm oil derivatives, he said.
"Refiners, palm olein end-users and fund managers will now have a complete solution to manage refining margin risk and hedge against unfavourable price movements in the crude palm oil and palm olein market.
"Essentially, having the new FPOL on Bursa Malaysia complements the FCPO to provide the futures palm oil in one marketplace," Tajuddin said.
He said Bursa Malaysia would be working in partnership with the FTSE to implement a FTSE4Good Index series based on Bursa Malaysia-listed companies.
"The introduction of a Bursa Malaysia-focused ESG index series will provide the marketplace an enhanced advantages in Asean, especially in attracting the US$3.4 trillion social responsibility investment from around the world," he said.
The Bursa Malaysia-focused FTSE4Good Index Series would instill greater confidence in Malaysia marketplace through greater transparency and openness for a market of this size and growth, he said.
"The index will be the first in Asia to be part of the globally benchmarked ESG Index Series," Tajuddin said.