Jade to launch palm oil futures

News

The Joint Asian Derivatives Exchange (Jade), a Singapore-based electronic commodity derivatives exchange, will launch a crude palm oil futures contract on June 6.

The contract is denominated in US dollars and will be settled with physical delivery at the ports of Belawan and Dumai in Indonesia. The contract will trade from 10.30am to 6pm Singapore time, followed by a one-hour session from 9:30am to 10:30am Chicago time. It will be traded on the global e-CBOT platform and cleared by the Singap