20070612 1800. FKLI has been range bound and tough for trading past couple days. Why? Because the action has been in the crude palm oil futures, which has crashed.... More civilized would be 'reversion to the mean'. But trade on Bursamalaysia suffers from a lack of participants, with people going to the markets where there is movement, like now from FKLI to FCPO. We need to expand the trader base via DMA. (Direct Market Access) Trade in the FKLI is also confined to finite same groups of players, with local institutions notably absent. DMA might open up the door to this segment of the market to add depth and liquidity to the futures market.
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