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).