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.
“It empowers businesses, traders and investors to confidently navigate the currency market, manage risks effectively and unlock growth…