SINGAPORE, Aug. 16, 2016
/PRNewswire/ -- CME Group, the world's leading and most
diverse derivatives marketplace, today announced the first trades
of the USD Malaysian Crude Palm Oil Calendar futures (CPO)
that were launched on 11 July 2016. The trade that took place
on 12 August 2016 was between Louis
Dreyfus Commodities and a major Indonesian palm oil plantation
house, and was brokered by Ginga Global Markets Pte Ltd. A
total of 120 futures contracts, equaling 3,000 metric tons, were
traded.
"We are excited to see industry interest and support for our USD
Malaysian Crude Palm Oil Calendar futures contracts," said
Christopher Fix, Managing Director
and Head of Asia Pacific, CME
Group. "We are committed to broadening our suite of offerings
within the palm derivatives complex, and are pleased to be able to
better address the industry's hedging and trading needs."
"We are very happy to have brokered the first Crude Palm Oil
Calendar futures contract and are very optimistic with the growth
potential in this new contract which we believe is an excellent
risk management product and for anyone who wants exposure to the
global palm oil market," said Laren
Tan, Chief Operating Officer, Ginga Global Markets Pte
Ltd. "CME Group has been constantly engaging market
participants on their risk management needs, and this new contract
has provided additional hedging capability to the rapidly growing
palm market."
This Malaysian Crude Palm Oil Calendar futures contract
references Bursa Malaysia Derivatives' Crude Palm Oil futures
contract prices, and are 25 metric tons in size. The contract
is available for trading on CME Globex, for submission for clearing
through CME ClearPort, and listed with and subject to the rules and
regulations of CME.
For more information about CME Group's new palm risk management
products,
visit cmegroup.com/education/palm-oil-calendar-futures-and-options.html.
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) is where the world comes to manage
risk. CME Group exchanges offer the widest range of global
benchmark products across all major asset classes, including
futures and options based on interest rates, equity indexes,
foreign exchange, energy, agricultural products and metals.
Around the world, CME Group brings buyers and sellers together
through its CME Globex® electronic trading platform and its
exchanges based in Chicago,
New York and London. CME
Group also operates one of the world's leading central counterparty
clearing providers through CME Clearing and CME Clearing Europe,
which offer clearing and settlement services across asset classes
for exchange-traded and over-the-counter derivatives. CME
Group's products and services ensure that businesses around the
world can effectively manage risk and achieve growth.
CME Group is a trademark of CME Group Inc. The Globe Logo, CME,
Globex and Chicago Mercantile Exchange are trademarks of Chicago
Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the
Board of Trade of the City of
Chicago, Inc. NYMEX, New York Mercantile Exchange and
ClearPort are registered trademarks of New York Mercantile
Exchange, Inc. COMEX is a trademark of Commodity Exchange,
Inc. All other trademarks are the property of their
respective owners. Further information about CME Group
(NASDAQ: CME) and its products can be found at
www.cmegroup.com.
CME-G
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SOURCE CME Group