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apple developer enterprise account for rent:Malaysian exchange to launch enhanced palm kernal oil futures contract

admin2021-03-1266

KUALA LUMPUR, March 5 - The Bursa MalaysiaDerivatives (BMD) exchange plans to launch its revamped crudepalm kernal oil futures (FPKO) on Monday, the bourse said onFriday. The new contract, aimed at creating an effective hedginginstrument against the physical market, will be made availableto traders on Monday with improvements across five main areas -contract grade, delivery points, daily price limits, speculativeposition limits and traceability documentation, the bourse saidin a statement. "The revised FPKO will cater to industry players' demand tohedge against the risk of adverse price movement in the lauricoil market," said Samuel Ho, BMD chief executive. "This could also provide new trading opportunities for othermarket participants and adds diversity to existing instruments." The global benchmark palm oil contract is also traded on theBMD. REUTERS
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