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.
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