They finally come to their senses to reduce the margin requirements.
Previously it was just plain common sense that at RM7,000 per contract FCPO, this represented a move of 280 ticks, whereas at the price of 2300, a 10% limit move would be 230 ticks either way. Doesn't take rocket science to realise this .... but still it took so long.
Now when will they realise they need to reduce the exchange fee. Why is the exchange fee for the index futures RM5 per contract with cpo at RM2.50? Trying to squeeze water from a rock.(a small one at that)
One needs to be bold, 2013 why not try with exchange fee at 2.50? Volume is so paltry anyway...
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