Bursa Malaysia Derivatives Berhad announced it will move trading of its derivatives products onto CME Group’s electronic trading platform CME Globex, the latest step in a strategic alliance between the firms which began last year.
BMD said the crossover from its current derivatives trading platform is scheduled for Sept. 20 following a test run. The firm’s derivatives products include commodities and equity futures.
“Hosting our derivatives products on CME Globex will further enhance our globalization efforts and our product visibility,” BMD Chief Executive Yusli Mohamed Yusoff said in a statement. “We are confident of attracting even more attention from global traders who will now have access to the most liquid crude palm oil futures contract in the world, for their trading, hedging and arbitraging needs.”
CME Group owns at 25 percent equity stake in BMD.