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CME Group to offer Malaysian crude palm oil contract

CME Group will use Bursa Malaysia's ringgit-denominated crude palm oil (CPO) futures contract settlement prices to help it develop a US dollar-denominated cash-settled CPO futures contract and related options for listing on one of CME Group's US registered exchanges. CME Group's electronic trading platform CME Globex is expected to host the trading of this product.

Dato Yusli Mohamed Yusoff, chief executive officer of Bursa Malaysia, says the collaboration is intended to help globalise the

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