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Executive Chairman of MDEX Encik Abdul Jabbar Abdul Majid said the establishment of the integrated derivatives exchange is made possible because of the commitment and dedication of many parties who collectively believe in the continued growth and improvement in the derivatives industry.
"We are now one step closer in achieving the development of a comprehensive derivatives exchange, and a derivatives industry with a single-minded focus on efficiency and competitiveness," he said at the launch of MDEX.
MDEX was launched by Kuala Lumpur Stock Exchange (KLSE) Executive Chairman Dato' Mohd Azlan Hashim. The launch was attended by Securities Commission Chairman Datuk Ali Abdul Kadir, Bank Negara Assistant Governor, Supervision Datuk Zamani Abdul Ghani and industry representatives.
Abdul Jabbar said as an integrated derivatives exchange, MDEX will offer a wide range of derivatives products and services including KLSE Composite Index Futures and Options, Crude Palm Oil Futures and Kuala Lumpur Inter-Bank Offered Rate Futures.
"We are examining the feasibility of introducing new products to widen our product base and offer investors a wider choice of products for investment purposes.
"In this respect, among the products being examined are bond futures and Islamic index futures," he said.
Securities Commission Chairman Datuk Ali Abdul Kadir said the establishment of MDEX is an important development for the capital market.
"The Malaysian Derivatives Exchange (MDEX), as an integrated derivatives exchange for futures and commodities will contribute fully towards making the derivatives market more efficient and competitive.
