Saturday, December 29, 2001 - THE Malaysia Derivatives Ex change (MDEX)began its first day of fully electronic trading yesterday.MDEX said in a statement that it ended open outcry floor trading onThursday and commenced electronic trading yesterday for the Crude Palm OilFutures and 3-month Klibor Futures.“The full range of MDEX products, including KLSE CI Futures and Optionscontracts are electronically traded,’’ it said.At closing yesterday, MDEX registered 231 contracts on the 3-month KliborFutures, 891 contracts on the KLSE CI Futures and 460 contracts on theCrude Palm Oil Futures.MDEX chairman, Abdul Jabbar Majid said the successful migration intoelectronic trading was another significant achievement in the developmentof MDEX as a comprehensive derivatives exchange.“Going fully electronic is indeed an important step for MDEX to enhanceefforts in providing efficient and cost-effective services for all itsmembers and investors,’’ he said. “This development also expands thecapability of MDEX to offer a wider range of products and services, thuscontributing to a higher degree of competitiveness for MDEX as acomprehensive derivatives exchange.’’ – Bernama