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MDEX rates fully negotiable from Dec 28 last year
calendar16-01-2002 | linkNULL | Share This Post:

Wednesday, January 16, 2002 (The Star) - MALAYSIA Derivatives Exchange Bhd(Mdex) said the commission rates for all Mdex contracts had been madefully negotiable from Dec 28 last year in line with the amendments to itsguidelines.According to a statement from Mdex, the rates are now fully negotiable toenhance the competitiveness of the derivatives market.Prior to Dec 28, KLSE CI futures and KLSE CI options were charged minimumcommissions of RM50 per contract, while crude palm oil and three-monthKlibor futures commissions were already fully negotiable, the statementnoted.In addition, the clearing commission rates, shared commission ratesbetween the broker representative and its trading members, and sharescommission rates between trading members and institutions had been madefully negotiable with effect from Dec 28, Mdex said. – AFX