Bursa Malaysia Derivatives’ (BMD) Crude Palm Oil Futures (FCPO) Open Interest (OI) hit a new high with 151,508 total contracts remained open at the close of market yesterday (Wednesday).
Hitting above the 150,000 contracts mark is a new milestone for the market which reflects BMD’s FCPO growing strength, also showcasing its appeal with a market segment that is increasingly liquid.
The FCPO yearly OI has been consistently rising for the past three years, with 68,377 contracts in 2010, 137,526 contracts in 2011 and now, it has crossed over the 150,000 contracts threshold at 151,508 (5 December 2012).
Bursa Malaysia Derivatives Chairman, Dato’ Tajuddin Atan said, “This development is indicative of a much elevated confidence in the derivatives market, as well as interest in hedging the cash exposure using financial instruments.
FTSE Mondo Visione Exchanges Index:
Bursa Malaysia Derivative 's Palm Oil Futures (FCPO) Open Interest Surpasses 150,000 Contracts For The First Time
Date 06/12/2012
