New Calculation for FCPO Closing Price
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.
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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