Exchanges
Bursa Malaysia (BM) has said that it will not go ahead with its plans to license its crude palm oil (CPO) settlement prices to Joint Asian Derivatives Exchange (JADE). The exchange said on 12 July that it had not received regulatory approval from the relevant authorities for the proposed licensing. BM signed an MOU with JADE in January to explore the possibilities of a licensing agreement (see FO Week Vol 11 No 4). The deal had met with some concern from the Malaysian brokerage community who claimed that it could harm the success of BM's contract (see FO Week Vol 11 No 24). BM has, however, received approval to license its crude palm oil settlement prices to India's Multi Commodity Exchange and Dalian Commodity Exchange.
New York Board of Trade reached an all-time trading record during June with a total of 4.54m contracts changing hands. The new record surpassed the...