This agreement was created to explore opportunities for extending the global reach of both exchanges. The MOU will allow the Exchanges to explore the possibility of developing joint derivative products, facilitate exchange of information, training and educational efforts within Malaysia and China.
Mr. Raghbir Singh Bhart, Head Global Markets, Bursa Malaysia Berhad, said, "Bursa Malaysia believes strongly in the value of developing strategic alliances with industry leading partners globally, and this MOU with DCE represents the basis for a relationship with the potential to deliver many benefits. We look forward to working with DCE, which is the largest futures exchange in China by volume.”
Dr. Yuchen Zhu, DCE President & CEO, said, “We are very impressed by Bursa Malaysia’s strong performance in recent years. By signing the MOU and further cooperation with Bursa Malaysia, we hope to learn its successful experience to promote the development of China’s futures market and build a solid relationship with the industry leader in Southeast Asia.”
Bursa Malaysia, currently the operator of the world's only viable crude palm oil futures market, will provide assistance for research and joint product development with DCE. Both Bursa Malaysia and DCE have also agreed to jointly host the inaugural World Edible Oil Conference in Beijing this fall, which is aimed to increase the status of both parties in the world edible oil futures market.
