KUALA LUMPUR, Malaysia and CHICAGO, Sept. 20 /PRNewswire/ -- Bursa Malaysia Derivatives Berhad successfully migrated all its derivatives products onto CME Globex®, the electronic trading platform of CME Group, today.
This move to CME Globex® enables global traders to access Bursa Malaysia Derivatives products electronically, particularly the global benchmark crude palm oil futures (FCPO) contract. The migration of all Bursa Malaysia Derivatives products onto CME Globex will create broader exposure for Bursa Malaysia Derivatives products. Greater accessibility for both local and international traders is facilitated by multiple access points through nine international telecommunications hubs, one of which is located in Kuala Lumpur, offering unparalleled global distribution.
Bursa Malaysia Derivatives will continue to operate and regulate its market as well as have control over trading hours, products and its specifications, spread definitions and pricing, within the parameters supported by CME Globex. The trading hours for the Malaysian derivatives market will remain unchanged. All Bursa Malaysia Derivatives contracts traded on the CME Globex electronic trading platform will continue, as per current practice, to be cleared by Bursa Malaysia Derivatives Clearing Berhad, a subsidiary of Bursa Malaysia Derivatives. There are changes to the rules of Bursa Malaysia Derivatives Berhad to reflect the trading features and functionalities on CME Globex.
About Bursa Malaysia
Bursa Malaysia Berhad is a public company limited by shares under the Companies Act 1965. Bursa Malaysia is an approved exchange holding company under Section 15 of the Capital Markets and Services Act 2007. Other companies in the Bursa Malaysia Berhad Group of companies include a stock exchange, a derivatives exchange, an off-shore international financial exchange, equity and derivatives clearing houses, a central depository, an information services provider and an Information Technology services provider.
About CME Group
As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort®. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.