19.05.2020 (Regulation Asia) - The two exchanges will share information and best practices relating to product development, market operations, and other areas of common interest.
TAIFEX (Taiwan Futures Exchange) and BMD (Bursa Malaysia Derivatives) have signed an MoU to mutually cooperate to share information and best practices relating to product development, market operations, and other areas of common interest for both markets.
TAIFEX is known for its equity index derivatives, while BMD has the world’s most liquid crude palm oil futures market.
“Through the exchange of successful experience and the sharing of information and resources, I believe our cooperation can create synergy and pave the way for further development of both markets,” said TAIFEX president Bing-Jing Huang.
The MoU is a positive step that will contribute towards the development of the Asian derivatives market, according to BMD chairman Datuk Muhamad Umar Swift.
“It comes in accordance with our internationalisation strategy that will facilitate cooperation in terms of products and market development, and create more opportunities for both exchanges,” he said.