The total derivative trading volume of Bursa Malaysia recorded a daily average trading value of RM 2 billion in the first quarter of 2008 compared to Malaysian Ringgit (RM) 2.8 billion in the first quarter of 2007.
The number of derivative contracts recorded an improvement with a total of 1.76 million contracts traded in the first quarter of this year as compared to 1.56 million in the previous corresponding period.
This positive growth of 13% was mainly driven by the strong demand in the Exchange’s derivatives products, specifically the crude palm oil futures (FCPO) and the Kuala Lumpur Index Futures (FKLI).
Crude Palm Oil Futures (FCPO) chalked a 34% increase with a total of 8, 26,600 contracts traded during the quarter ended 31 March 2008 against 6, 17,358 contracts in same period in 2007.