Bursa Malaysia Derivatives (BMD) is set to migrate the trading of its derivatives products, comprising commodity, financial and equity futures, onto CME Group's electronic trading platform, CME Globex.
The crossover from the current derivatives trading platform to the new platform is scheduled for 20 September 2010, subject to a successful pre-implementation test that will be held on 18 September 2010.
BMD will continue to operate and regulate its market as well as have control over trading hours, product and specifications, spread definitions and pricing, within the parameters supported by CME Globex.
Bursa Malaysia CEO Dato’ Yusli Mohamed Yusoff said that with multiple access points globally, CME Globex will give unparalleled global distribution to the exchange’s full range of derivatives products, particularly star product crude palm oil futures (FCPO) contract which is the global price benchmark for the CPO market.
“Hosting our derivatives products on CME Globex will further enhance our globalization efforts and our product visibility,” Yusoff said.