Joint Asian Derivatives Exchange (JADE) is confident of its
newly launched crude palm oil (CPO) futures contract's
prospects, expecting to see its user base grow. The
dollar-denomination of the products could be a key factor in
attracting users, JADE claims.
Although first day trading on 6 June in the new products was
modest, 79 contracts, JADE's managing director, Chong Kim Seng,
told FO Week he was "very happy" with the launch. He
added that he expected a community of hedgers and international
speculators to be trading over time.
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