The Sun Business on Thursday, September 21, 1999 with big font words on Locals stay away from trading floor...
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COMMEX, MME, MDEX or KLCE, as I still like it most on the original name, was an open outcry trading exchange plus electronic trading in KLOFFE before taking over by Bursa Malaysia, and being named Bursa Malaysia Derivatives to manage all futures contracts in Malaysia as what we call it at present.
The "boycott" incident was happened before ending year 1999 where I was a very small player in the open outcry cpo futures trading pit, having bad time to survive but had to follow other locals in taking a long week off. No doubt the satisfaction was there seeing the "50%" drop of trading volume, I was told by locals that there were some locals who started trading again due to personal reasons, paging orders QUIETLY from their own broker houses...
Any way, it is already 16 years now; such memory may have been fading...especially the futures market is getting much bigger now a day but I think only half of those 40 over active open outcry locals who are still trading now and the other half had totally ceased to be locals or just seasoned players in this futures industry!
I did list down some active locals with 3-letter alpha codes out of more than 40 active locals in my first book - Trading Crude Palm Oil Futures @ Bursa Malaysia Derivatives. Readers who have the book can turn to the page and read about the locals.
All knew that if locals did not want to trade, they were the ones not making money...but, sometimes, this kind of demonstrating displeasure did help in waking up the relevant authorities to rectify injustice and acknowledge the locals' efforts in growing the futures industry.