Bursa Malaysia Derivatives launches first currency futures contract

Bursa Malaysia CEO Datuk Muhamad Umar Swift.

KUALA LUMPUR: Bursa Malaysia Derivatives Bhd (BMD) has launched its first currency futures contract, the Mini USD/CNH Futures (FCNH) through a licensing agreement established with Hong Kong Exchanges and Clearing Ltd (HKEX).

BMD chairman and Bursa Malaysia Bhd chief executive officer Datuk Muhamad Umar Swift said the FCNH contract represents a significant milestone, offering a range of benefits from mitigating counterparty credit risks to providing transparent and regulated trading opportunities.