BMD inks MoU with China exchanges
Under the MoU, the exchanges will commit to sharing information and best practices pertaining to product development, market operations and other areas of common interest for all three markets.新2网址大全（www.hg108.vip）实时更新发布最新最快最有效的新2网址和新2最新网址,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,新2网址大全。
KUALA LUMPUR: Bursa Malaysia Derivatives Bhd (BMD) recently inked a memorandum of understanding (MoU) with the Shanghai International Energy Exchange (INE) and the Shanghai Futures Exchange (SHFE) to strengthen the existing business partnership.
Under the MoU, the exchanges will commit to sharing information and best practices pertaining to product development, market operations and other areas of common interest for all three markets.
BMD chief executive officer Samuel Ho said the signing of the MoU is a positive development that will lay the groundwork for a long-term relationship between the three exchanges, Bernama reported.
“Aside from driving the growth of the Asean derivatives markets, this collaboration will indirectly support and contribute towards the China-Malaysia economic trade, given China’s position as Malaysia’s largest trading partner and rubber importer.
“We look forward to working with SHFE and INE on the development of new products that will not only complement existing offerings, but also meet the needs of increasingly sophisticated customers,” added Ho.,
Meanwhile, SHFE and INE CEO Wang Fenghai said the signing of the MoU is the culmination of the three exchanges’ close friendship over the years.
He also added that SHFE and INE are keen to collaborate with BMD in order to learn while deepening mutual understanding of each other’s markets and providing more risk management tools to investors.
Beyond strengthening the partnership with BMD, the MoU is part of SHFE and INE’s commitment to opening up China’s futures market.
The INE features more international products compared to other commodity futures exchanges in China, attracting overseas investors from more than 20 countries and regions across six continents, including Asia, Europe, North America, South America, Africa and Oceania.