PETALING JAYA: Bank Negara has hit out at the Singapore Stock Exchange (SGX) and the Intercontinental Exchange (ICE) in Singapore after the bourses introduced the trading of ringgit futures on their exchanges that went against the country’s policies.
Saying the introduction of the derivative contracts was inconsistent with Malaysia’s foreign exchange administration (FEA) policy and rules, the central bank reminded all market participants to observe existing FEA rules.
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