Wednesday, 15 October 2014

New Record Of CPO Futures Volume Above 1 Million Mark

News excerpts From Bursa Malaysia Derivatives:

  • In September 2014, we achieved a historical month high volume for Crude Palm Oil Futures (FCPO) Contracts of 1,083,141 contracts, breaching the 1 million contract mark for the first time, exceeding the previous record of 959,670 contracts traded in March 2014. 
  • The FCPO also attained a daily record high volume of 76,335 contracts on 15 September 2014.
  • Open Interest for FCPO soared to an all time high of 287,859 contracts on 10 September 2014. 
  • As a result of the active FCPO volumes, Total Volume of the Exchange in September 2014 recorded a month high of 1,258,226 contracts. Similarly, the Total Open Interest for all products hit a high of 321,077 contracts on 10 September 2014. The contract volumes are inclusive of Exchange For Related Positions (EFRP) and Negotiated Large Trades (NLT).
The surge in volumes was due to higher volatility in CPO prices in September 2014 as a result of increased active hedging activities due to uncertainties in the market.