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The Exchange has decided to postpone the launch of continuous trading for the futures on Arabica coffee, Robusta coffee and Raw Sugar, which was initially scheduled on October 01, 2007.
The decision is based on the certain facts, such as market price distribution problems via FIX (Financial Information eXchange) protocol, that have been observed at the system test conducted on September 22, 2007. The Exchange is determined to resolve these problems and to conduct ample system tests in order to ascertain the level of credibility in the new trading environment for the contracts.
It is determined also that once such credibility is attained for the trading system, the Exchange will transfer the contacts to the new trading environment at earliest possible date.
