Friday, March 4, 2011

Breaking News-RTRS-INTERVIEW-Malaysia's derivatives exchange sees strong palm futures trade

KUALA LUMPUR, March 3 (Reuters) - Malaysia palm oil futures traded on the world's largest derivatives exchange grew more than half in the first two months of 2011, a level seen maintained this year as geopolitical tension keeps crude oil prices volatile, a top official at the country's derivatives exchange said on Thursday.
Bursa Malaysia Derivatives migrated its contracts previously traded on an in-house platform onto CME Group Inc.'s Globex platform in September last year, which helped to increase the visibility of crude palm oil futures, or FCPO.