Bursa Malaysia Derivatives Total Contracts Hit 31 Year High
Bursa Malaysia Derivatives Berhad’s (BMD) total trading volume hit a new record of 6,228,632 contracts as of the close of mid-day trading September 28, surpassing the previous annual high of 6,202,686 contracts recorded for the whole of 2007. This is the highest ever number of contracts traded annually since 1980.
Dato’ Tajuddin Atan, Chief Executive Officer of Bursa Malaysia and Chairman of BMD said, “2011 is turning out to be a fantastic year for our derivatives business. We are extremely pleased to have achieved this milestone, especially as it comes on the first anniversary of our migration onto the CME Globex® trading platform.
“The success of our partnership with CME Group is proof of the tremendous value created by our internationalisation strategy. We are confident of capitalising on the remarkable momentum that has been created by the partnership to take the derivatives business to a higher level.”
BMD migrated its derivatives products onto the CME Globex® electronic trading platform on 20 September 2010, following its collaboration with the CME Group in 2009. The operator of the world’s largest derivatives exchange has a 25% stake in BMD.