Bursa Malaysia, Dalian Commodity Exchange sign licensing deal for soybean oil futures settlement price

Dalian Commodity Exchange CEO Yan Shaoming (left) and Bursa Malaysia Derivatives chairman and Bursa Malaysia Bhd CEO Datuk Muhamad Umar Swift (right).

KUALA LUMPUR: Bursa Malaysia Derivatives and Dalian Commodity Exchange (DCE) have signed a licensing agreement for a soybean oil futures settlement price, the Malaysian bourse said on Thursday.

Bursa Malaysia said in a statement its derivatives exchange will use the settlement price of DCE Soybean Oil Futures to calculate the cash settlement price of the Bursa Malaysia DCE Soybean Oil Futures Contract, targeted to be launched in the first quarter of 2024. - Reuters