The launch of crude palm oil (CPO) futures on Joint Asian Derivatives Exchange (JADE) could be a key indicator of the young exchange's futures prospects. JADE's first contract, rubber, has seen modest volume in its first eight months' trading, and the much-delayed CPO product, now set for a 6 June launch, is widely regarded as a potentially higher volume generator.
"The CPO contract has real potential and can be very successful," said Julien Le Noble, managing director at Fimat in Tokyo, before adding, "It is true, though, that its launch will probably need to attract liquidity faster than the rubber, or else it may raise concern for future products on JADE."
According to Fimat's figures, the firm...