Bringing Derivatives to Asia's Agricultural Sector

Tim Andriesen, Managing Director for Agricultural Commodities at Chicago Mercantile Exchange, discusses: 

- Revenue model; 

- Extent of business; 

- SEA relevance, local commodities and the USD Palm Oil futures contract - lack of takeup - Ringgit CPO Futures contract is still more popular - issues; 

- Sophistication in US market - SEA as a nascent but huge market - issues; 

- Scope for innovation - Asian scenario; - Other derivative products in future; 

- Interest levels - In Asia: exchange collaborations - growth - mergers; 

- Talk that CME had approached Deutsche Boerse on a merger - issues; 

- Challenges to CME - Sequestration - Trading Volumes - extending trading hours - Competition.