JFX no threat for Commex

JFX no threat for Commex

KUALA LUMPUR (AFX-ASIA): The Commodity and Monetary Exchange of Malaysia (Commex) sees little threat from the emergence of the Jakarta Futures Exchange (JFX), Indonesia's commodity futures exchange, which began robusta coffee and refined palm oil trading on Friday, Business Times reported.

A Commex Business Development Section official was quoted as saying that the exchange is not worried by JFX's actvities as Malaysia and Indonesia have always cooperated to improve their respective palm oil sectors.

"The existence of futures trading helps the sector to reduce business risks as a result of fluctuations in palm oil prices," he said.

Commex officials also said JFX will provide opportunities for inter-market spreads for Malaysia traders, and better risk management.