Some interesting facts on locals trading volume for fcpo, notice the 42% increase month on month. And our exchange thinks this is the 'best' cpo contract, further improvement is of course ideal. Exchange needs to lobby SC to relax the requirements for local participants.

FCPO Market Demography for April 2009

Category Mar09 Apr09 Change
-------- ----- ----- -------
Foreign institution 19% 16% -15.79%
Domestic institution 18% 18% unch
Foreign retail 0% 0% unch
Domestic retail 33% 24% -27.27%
Locals 30% 42% +40.00%
Proprietary 0% 0% unch
----------------------------------------------------
(# of contracts)
Total Volume 314,774 442,220 +40.49%
Average daily volume 14,975 20,101 +34.23%
Month end open interest 88,926 84,885 - 4.54%

Please refer to the attachment for historical graphs