We’ve received the news today that Bursa Malaysia Derivatives Clearing Bhd will use a new method to calculate the daily settlement prices of Crude Palm Oil Futures (FCPO) effective Dec 3, 2012 (Monday).
The new method will replace the last traded price with Volume Weighted Average Price (WVAP) of trades executed in the last one minute (5:59pm – 6:00pm) before the market closes at 6:00pm Malaysia time. This will replace a bid-ask price consideration for the contracts in the final minute.
Oriental Pacific Futures is a licensed futures trading and clearing broker registered with Bursa Malaysia Derivatives, Bursa Malaysia Derivatives Clearing and Securities Commission of Malaysia. Based in Kuala Lumpur Malaysia, Oriental Pacific Futures offers competitive commission rates for commodities and financial futures trading. We also provide futures learning classes, public events on futures trading and general investment talk, online futures trading platform via OPF Trader, online futures charting software, daily market commentary and investment portal. We specialize in futures broking, particularly Crude Palm Oil futures (FCPO) traded on Bursa Malaysia Derivatives exchange. In 2010, Oriental Pacific Futures received recognition by the National Futures Association (NFA) to solicit and accept trade orders and customer funds as permitted by the United States Commodity Futures Trading Commission (CFTC) through the Chicago Mercantile Exchange (CME Group).
Oriental Pacific Futures is located at Unit 6 Level 39, Binjai 8 Premium Soho No.2 Lorong Binjai, Off Jalan Binjai, 50450 Kuala Lumpur, Malaysia
RISK DISCLOSURE: Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading may not be suitable for all investors.
GOODS AND SERVICES TAX: Oriental Pacific Futures Sdn Bhd is a GST-registered company (GST No. 000780460032) and as such, all taxable supplies of goods and services provided to you shall be subject to the prevailing GST as may be determined by the Government of Malaysia. GST is enforced starting from 1 April 2015. We will issue valid tax invoices to you to enable you to claim the GST input tax credits where applicable.