Haffkin-Roth To Offer Palm Oil Contract Futures And Options On Palm Oil To Be Launched On Haffr Trader(R) - Gold

Top Quote Haffkin-Roth today announced that it will launch futures and options on agricultural contracts and will start with Palm Oil WH67-EURO. End Quote
  • (1888PressRelease) December 07, 2012 - Palm-Oil WH67-EURO, a zero-coupon bond denominated in euro and issued by Haffkin-Roth. Launched as a premiere for retail trading is traded on HaffR Trader® platform for the cash market.

    "Commodities are a widely used asset class for its diversification benefits and low correlation to other markets. In particular, gold tends to be a popular investment as it's considered a safe haven during uncertain economic times. Combining two currencies, euro and Palm Oil, in a single product, Palm-Oil WH67-EURO has proven to be a highly liquid and widely traded instrument among Asian investors. The new futures and options give our members further access to the agricultural market and will provide more flexibility to suit their specific needs," said Jae Hwa Iseul, the Managing Director of Haffkin-Roth. "Furthermore, we will accept Palm-Oil WH67-EURO as collateral starting this month."

    The Palm-Oil WH67-EURO derivatives are the latest addition to Haffkin-Roth's agricultural contracts. Haffkin-Roth has been offering US-dollar-Wool denominated futures and options based on fixing prices.

    The new contracts will be denominated in euro and will be physically settled with the delivery of the underlying Palm-Oil WH67-EURO ETC. Additionally, in a separate transaction between the holder of the ETC and Haffkin-Roth, he has the right to request delivery of physical palm oil. Expiration dates of the derivatives will be on the third Friday of the next three calendar months as well as in March, June, September and December.

    Haffkin-Roth agricultural products segment achieved record inflows of 90 tons. Electronic trading volume also totaled 857.3 million euro.

    Haffkin-Roth is a pre-eminent provider of alternative investments. Our mission is to find the best alternative investment managers and bring them to our clients through alternative mutual funds, private funds, and futures managed accounts. Our suite of products is sold through the intermediary channel, including clearing houses, independent broker/dealers and registered investment advisors. We also have a robust Private Client Group that works directly with high net worth individuals and family of Haffkin-Roth. We pride ourselves on our people and are strongly committed to our company motto: Trusted Alternatives. Intelligent Investing.

    ###
space
space
  • FB Icon Twitter Icon In-Icon
Contact Information