KUALA LUMPUR, Malaysia, Dec. 11, 2020 /PRNewswire/ — Bursa Malaysia Derivatives (“BMD”), a subsidiary of Bursa Malaysia Berhad, has been named as the “Exchange of the Year – Asia Pacific” from the London-based Global Investor Group at the FOW International Awards 2020. The award recognises the best in innovation, achievement and commitment to the market in the global cleared derivatives industry.
Bursa Malaysia Derivatives wins Exchange of the Year – Asia Pacific Award 2020
Commenting on the achievement, Datuk Muhamad Umar Swift, Chairman of BMD and Chief Executive Officer of Bursa Malaysia, said, “We would like to thank FOW for recognising our accomplishments. The FOW International Award is a significant honour to end the year with. It validates our commitment to serve our 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.“
As of November 2020, about 13.5 million contracts or 337.5 million MT were traded on BMD representing approximately 17 times Malaysia’s total palm oil production, and 4.5 times global palm oil production. Over the last 12 months, BMD achieved over 20 trading record highs across all its products. The latest historical record was achieved on 28 October 2020, with the total trading volume for Crude Palm Oil Futures Contract (“FCPO”) recording a new high of 12.0 million lots, surpassing the previous record of 11.91 million lots achieved in 2017.