Bursa Malaysia (BM) has outlined plans to launch a
dollar-denominated version of its crude palm oil (CPO) contract
The exchange believed that a dollar contract would prove
attractive to international investors, according to reports.
The news came following Malaysian CPO brokers expressing
concerns that a dollar-denominated contract on Joint Asian
Derivatives Exchange (JADE), the new Asian venture between
Singapore Exchange (SGX) and Chicago Board of Trade (CBoT),
would take liquidity away from their own ringgit denominated
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