Bursa Malaysia derivatives to launch its first currency futures on Dec 11

FCNH will be the country’s inaugural exchange-traded currency futures contract.

KUALA LUMPUR: Bursa Malaysia Derivatives Bhd will launch its first currency futures contract, the Mini USD/CNH Futures (FCNH), through a licensing agreement established with Hong Kong Exchanges and Clearing (HKEX) on Dec 11.

It said FCNH will be the country’s inaugural exchange-traded currency futures contract, complementing existing currency markets operated by Malaysian financial institutions.