Malaysian futures brokers wary of JADE

Malaysia's futures brokers were last week yet to resolve their campaign against Bursa Malaysia (BM)'s plans to licence its crude palm oil (CPO) futures settlement price to Joint Asian Derivatives Exchange (JADE) (see FO Week Vol 11 No 16).

Singapore-based JADE signed an MOU with BM in January to explore a licensing agreement whereby JADE's planned dollar-denominated CPO futures contract would be settled...