Thursday 28 Mar 2024
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KUALA LUMPUR (Dec 7): Bursa Malaysia Derivatives Bhd’s first after hours (T+1) night trading session on Monday (Dec 6) saw strong participation from both local and foreign market participants.

A total of 3,088 contracts were traded, comprising 3,004 crude palm oil futures contracts and 84 FTSE Bursa Malaysia KL Composite Index Futures contracts, said Bursa Malaysia in a statement.

The exchange said this amounted to 4% of the total normal hours trading volume registered on Dec 6.

All trades performed during the after-hours trading session will be included in the following day’s session, it added.

“The after-hours trading session attracted significant participation from both domestic and foreign market participants,’ said Bursa Malaysia Derivatives CEO Samuel Ho.

“Out of 16 licensed futures brokers of Bursa Malaysia Derivatives, 15 participated in the session.

“This signals a promising outlook for the after-hours trading session in sustaining the trading volume growth momentum for Malaysia’s derivatives market over the long term,” said Ho.

The after-hours trading was launched as an extension of the exchange’s current market trading hours. Market participants are now able to trade commodity and equity index derivative contracts on the exchange between 9pm and 11.30pm, from Monday to Thursday.

Edited ByS Kanagaraju
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