Bursa Malaysia Derivatives - 1

Bursa Malaysia Derivatives has become one of the international market place on futures trading benchmark in our global economic system especially on the crude palm oil commodity futures trading which was lunched in early 1980s. By doing a Google search on KLCE, MME, COMMEX, KLOFFE, MDEX and BMD, it is believed that readers will be able to find the history and the "evolution" of Bursa Malaysia Derivatives.

However, the Exchange itself and the speculators who help run them remain largely misunderstood, general thinking, they served no useful function other than a gambling pool being specially set up for those tyranny big boys!

In my first thought, this was actually considered to be a meeting place for gamblers - professional gamblers !!! It was especially true when I first stepped in the pit where the open-outcry crude palm oil futures trading floor located in the Dayabumi Complex near Merdeka Square, Kuala Lumpur in mid 1990s.  

The Exchange had since been transformed into a sophisticated electronic trading market place (year 2000) and partially owned by one of the world largest and busiest Exchanges. You may call it a licensed casino, but the Exchange itself is the real free and "regulated" market place where speculators serve a very important function helping the Exchange to be a well-known "licensed casino", making sure every buyer and seller is part of a pair like socks we wear that creates volumes.

With all the sounds, friends and chaotic trading activities I had missed in KLCE in 1990s, I wish there is a time machine that bring me and you back to learn the "hand signals" to make a trade like other speculators did - they were the "Locals". 

They are the speculators with a mindset of high risk high return, make fortunes or end up broke!