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Thursday May 17, 2012

New daily high for derivatives deals

KUALA LUMPUR: Total contracts traded on Bursa Malaysia Derivatives (BMD) reached a historical daily volume high of 77,703 contracts yesterday, surpassing the previous record of 74,014 contracts on Feb 24, 2011.

Bursa Malaysia said daily volume for crude palm oil futures contracts also charted a historical high of 63,019 contracts, surpassing the previous record of 48,741 contracts on Nov 17, 2011.

“This is attributed to increased hedging activities resulting from the volatility and uncertainty seen in global financial and palm oil markets,” it said in a statement.

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