Monday trading idea: buy BURSA
Bursa Malaysia Derivatives is regarded as the premier exchange for palm oil futures in the world. It is said that Bursa's biggest selling point is its crude palm oil futures contract.
Not only that, the new 'Bursa US dollar CPO futures' is also expected to commence in the first quarter of 2008; this will certainly give Bursa an enviable edge over its rival CPO future exchanges, as a US dollar CPO futures will allow its partner exchanges to offer this contract for trade.
And not surprisingly, Bursa has now caught the attention of the world's largest exchange group, NYSE Euronext.
This week's EDGE reported that Bursa is now in talks with NYSE Euronext for a possible tie-up. EDGE claimed that NYSE Euronext has indicated an interest to acquire 10% stakes in Bursa. A tie-up with NYSE Euronext could potentially lead to the setting up of a regional exchange, the "ASEAN EXCHANGE".
We should also add that it is not entirely clear yet if Bursa will resume talks with its previous suitor, Chicago Mercantile Exchange Group. Investors are still waiting for the final word.
As for now, with all the on-going buzz of tie-up possibilities, we should continue to see buying interest in Bursa.
Bursa Malaysia Derivatives is regarded as the premier exchange for palm oil futures in the world. It is said that Bursa's biggest selling point is its crude palm oil futures contract.
Not only that, the new 'Bursa US dollar CPO futures' is also expected to commence in the first quarter of 2008; this will certainly give Bursa an enviable edge over its rival CPO future exchanges, as a US dollar CPO futures will allow its partner exchanges to offer this contract for trade.
And not surprisingly, Bursa has now caught the attention of the world's largest exchange group, NYSE Euronext.
This week's EDGE reported that Bursa is now in talks with NYSE Euronext for a possible tie-up. EDGE claimed that NYSE Euronext has indicated an interest to acquire 10% stakes in Bursa. A tie-up with NYSE Euronext could potentially lead to the setting up of a regional exchange, the "ASEAN EXCHANGE".
We should also add that it is not entirely clear yet if Bursa will resume talks with its previous suitor, Chicago Mercantile Exchange Group. Investors are still waiting for the final word.
As for now, with all the on-going buzz of tie-up possibilities, we should continue to see buying interest in Bursa.
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