What are they doing?
In case you are not aware, the CME will launch a cash settled US Dollar denominated crude palm oil futures contract next week. We were handed a brochure on the product.
Apparently the CME has has no expenses spared rounds entertaining the brokers of Bursamalaysia Derivatives with lavish parties and events prior to the launching. But what are they doing? They have not even talked to the Local Participants, who are the liquidity providers in the ringgit crude palm oil futures. No discussion on lower commission rates like they enjoy at BMD nor the most important aspect, scratch trades, or margining.
So what are they doing?
Labels: commodities, fcpo
0 Comments:
Post a Comment
<< Home