MARKET DEVELOPMENT
Bursa Malaysia Commences US Dollar Denominated RBD Palm Olein Futures Contract
Bursa Malaysia Commences US Dollar Denominated RBD Palm Olein Futures Contract
17/06/2014 (Bernama) - Bursa Malaysia's Refined Bleached and Deodorised (RBD) Palm Olein Futures Contract successfully commenced trading on Bursa Malaysia on Monday.
The new US dollar denominated futures contract is now available to all market participants, particularly refiners, palm olein end users and fund managers to trade palm olein on the derivatives exchange of Bursa Malaysia, said Bursa Malaysia in a statement here.
It provides a complete solution to manage refining margin risk and hedge against unfavorable price movements in the crude palm oil and palm olein markets.
The RBD Palm Olein Futures Contract together with the global benchmark, Crude Palm Oil Futures Contract (FCPO) underscores Bursa Malaysia as the global marketplace and benchmark for palm oil derivatives.
The new US dollar denominated futures contract is now available to all market participants, particularly refiners, palm olein end users and fund managers to trade palm olein on the derivatives exchange of Bursa Malaysia, said Bursa Malaysia in a statement here.
It provides a complete solution to manage refining margin risk and hedge against unfavorable price movements in the crude palm oil and palm olein markets.
The RBD Palm Olein Futures Contract together with the global benchmark, Crude Palm Oil Futures Contract (FCPO) underscores Bursa Malaysia as the global marketplace and benchmark for palm oil derivatives.