KUALA LUMPUR, 1 NOVEMBER 2021 – Bursa Malaysia Derivatives Berhad (“Bursa Malaysia Derivatives”) and Zhengzhou Commodity Exchange (“ZCE”) today signed a Memorandum of Understanding (“MoU”) to establish a mutually beneficial cross-exchange partnership that can further the development of the Asian derivatives markets.
Under the MoU, the two Exchanges will collaborate in the areas of information exchange, conducting joint-research for product development, organising training and educational events, while alternatively hosting periodic management and working visits between the Exchanges.
“The signing of the MoU is in line with our strategy to internationalise, which will not only contribute to our product expansion, but also foster a stronger global interest towards the Malaysian derivatives market,” said Samuel Ho, Chief Executive Officer of Bursa Malaysia Derivatives. “More importantly, the partnership formed today demonstrates how cross- exchange partnership can realise our shared aspiration towards enhancing the development of Asian derivatives markets.”
As part of the MoU, Bursa Malaysia Derivatives and Zhengzhou Commodity Exchange will also proactively engage their respective stakeholders to support wider progress of the Asian derivatives markets.
“We are looking forward to a long and fruitful collaboration between Bursa Malaysia Derivatives and Zhengzhou Commodity Exchange,” concluded Samuel.
Read more : Bursa Malaysia announces RM290.3 Million profit after tax and Zakat for the nine months ended 30 September 2021 – Money Compass
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