KUALA LUMPUR (July 1): Bursa Malaysia Derivatives Bhd will be launching an after-hours (T+1) trading session (Night Trading) by the fourth quarter of 2021, to enhance the attractiveness of the Malaysian derivatives market to traders around the world.
Available for most Bursa Malaysia Derivatives products, Night Trading is a significant development that aligns the exchange with global market practices, said the exchange in a statement.
It is set to enhance price discovery of Bursa Malaysia Derivatives’ offerings, given the substantial growth in derivatives market participation since 2019.
Last year, the total number of contracts traded registered a 35% growth, increasing to 18.2 million contracts from 13.5 million contracts in 2019, with foreign participants contributing 46% of the total trading volume.
Bursa Malaysia Derivatives to launch night trading to attract global participants
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Bursa Malaysia Derivatives to launch after-hours night trading
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It received the award from London-based Global Investor Group at the FOW International Awards 2020, recently. chief executive officer Datuk Muhammad Umar Swift said the award was a significant honour to end the year with, validating the exchange operator’s commitment to serve its clients’ needs in providing a reliable hedging instrument against price volatilities, which have been critical given the COVID-19 pandemic this year. It has been a record year and on behalf of BMD, I would like to convey our appreciation to the industry for the trust and confidence in Bursa Malaysia’s derivative product offerings in managing price and risk exposures,” Muhammad Umar, who is also BMD chairman, said in a statement today.