BURSA Malaysia Derivatives achieved a record high in October 2024 with a trading volume of 2.34 million contracts, surpassing the previous record from March 2020.

The surge was largely driven by the Crude Palm Oil Futures (FCPO), which reached 2.03 million contracts due to rising FCPO prices and factors like declining production, high export demand, and favorable policies.

Additionally, the average daily trading volume reached an all-time high of 106,385 contracts.

The After-Hours Trading Session, introduced in 2021, significantly boosted participation, especially from international traders, with a 57% increase in volume year-to-date.

Bursa Malaysia Derivatives plans to further expand its offerings with a used cooking oil futures contract, supporting sustainability trends.

Its director Mohd Saleem Kader Bakas highlighted the exchange’s role in supporting price discovery and risk management across the FCPO and FKLI markets, reinforcing Malaysia’s position as a major hub in commodities trading. — TMR