Kenanga Deutsche Futures bags top award again

KUALA LUMPUR: Kenanga Deutsche Futures Sdn Bhd (KDF), a subsidiary of K&N Kenanga Holdings Bhd, emerged the top overall performer for 10 years in a row in attracting the biggest trades into Bursa Malaysia Derivatives Exchange.

KDF is a joint venture between Kenanga Investment Bank Bhd and Deutsche Asia Pacific Holdings Pte Ltd.



This year, the Palm and Lauric Oils Outlook Conference (POC2013) carried the theme "Price volatility - Ride It, Manage It", in view of the volatile developments in the global economy and their effects on futures markets.
 

"For the past 10 years, KDF has shown great fortitude in anticipating the fast-changing market and client demands as well as adopting and localising best practices from around the globe. The accolades awarded tonight to KDF is a reflection of the team's commitment to excellence," said K&N Kenanga Holdings Bhd group managing director Chay Wai Leong upon receiving the award from Bursa Malaysia Bhd chairman Tun Dzaiddin Abdullah.
 

In becoming an international financial player, K&N Kenanga has established its presence in Asia and Middle East, through direct equity participations and strategic partnerships in Vietnam, Sri Lanka and Saudi Arabia.
 

KDF chief executive officer Azila Abdul Aziz, who was also present said: "Last year, our business accounted for about 14 per cent of the total contracts volume on the Bursa Malaysia Derivatives. We've established a strong brandname in the Malaysian derivatives industry for almost a decade now. In the next five years, we are looking to realign our goals to better suit the current market environment, allowing on board diverse clientele base to enhance our income stream."
 

Milan Jevtovic, a businessman from Serbia participating in the POC series for the first time, remarked that he was amazed at the ease and convenience of trading palm oil futures on the Malaysian Derivatives Exchange. His company, Coinix Montenegro d.o.o., had just engaged TA Futures Sdn Bhd to hedge on the commodities market.
 

Jevtovic also said he's seeking possible partnerships with plantation giants like Felda Global Ventures Holdings Bhd, Sime Darby Bhd and IOI Corp Bhd to supply palm cooking oil to Serbia and countries like Romania, Bulgaria and Bosnia. 

"My country has a population of 100 million and our staple kitchen ingredient is sunflower oil. Right now, there's some small shipment of palm cooking oil and bakery fats into Serbia. Palm oil is an affordable and nutritious alternative to sunflower oil," he said.