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BURSA MALAYSIA DERIVATIVES WINS BEST EMERGING EXCHANGE OF THE YEAR AT FOW AWARDS ASIA

25 Sep 2015

Bursa Malaysia Berhad (“Bursa Malaysia”) today announced that Bursa Malaysia Derivatives Berhad (“BMD”) has been awarded the ‘Best Emerging Exchange of the Year’ at the Futures & Options World (FOW) Awards for Asia held in Singapore on 23 September 2015.

FOW Award

From left to Right:  Mr. William Mitting, the publisher for FOW Group, presenting Mr. Chong Kim Seng, the CEO of BMD with the 'Best Emerging Exchange of the Year' at the FOW Awards for Asia for 2015.

This award follows the recognition granted by the US Commodity Futures Trading Commission (CFTC) that Bursa Malaysia possesses the attributes of an organised Exchange and adopts comparable practices for market integrity and customer protection.

Dato’ Tajuddin Atan, the Chief Executive Officer of Bursa Malaysia said, “It has been an eventful year for the derivatives market. It started with the US CFTC granting BMD the Foreign Board of Trade in January this year, allowing US participants to directly access BMD market through the electronic order entry and trade matching system on CME’s GLOBEX®.  The opening of the BMD market to US participants is the final regulatory building block for BMD. It has opened up more opportunities for US participants to trade, hedge and arbitrage on our derivatives products.”

Malaysia’s derivatives volume has hit a daily all-time historical high, breaching 100,000 contracts for three consecutive days in the month of August.