Articles > Government magazines > Applied and Social Sciences magazines > International News on Fats, Oils and Related Materials : INFORM articles > August 2007

Article: Business News: Briefs

Article from:
International News on Fats, Oils and Related Materials : INFORM
Article date:
August 1, 2007
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The Singapore stock exchange recently launched palm oil trading facilities with the Chicago Board of Trade (CBOT) under the Joint Asian Derivatives Exchange (JADE). Bursa Malaysia Bhd Chief Operations Officer Ornar Merican said that Malaysia is ready to compete, but the Malaysian Futures Brokers Assoc. did not welcome the news. For almost 30 years, Malaysia as the world's No. I palm oil producer had provided the only successful global exchange for the commodity.

The Internet trading platform JADE is seen by some as proving to be a more attractive option than Bursa Malaysia.

JADE's crude palm oil futures contract, denominated in U.S. dollar's, settles with physical delivery at the Sumatran ...

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