Source: Bursa Malaysia Derivatives Berhad
Bursa Malaysia Derivatives Berhad (Bursa Derivatives) and the Agricultural Futures Exchange of Thailand (AFET) today signed a Memorandum of Understanding (MOU) to explore potential cooperation in the commodities and futures markets within the two countries.
Under the MOU, the two Exchanges will discuss a variety of initiatives, including exploring the possibility of strategic collaboration to develop their respective futures and commodities markets. This MOU also includes mutual sharing of information and assistance in respect of the respective rules and regulations of both Exchanges so as to learn from the experiences of each other.
Commenting today, Bursa Malaysia's Head of Global Markets, Raghbir Singh Bhart said, "We are signing an MOU which confirms the strength of this relationship and gives us the opportunity of working together in developing our respective futures and commodity markets. By focusing our discussions on areas of synergies such as products, operations and technology, we are confident that Bursa Derivatives and AFET would be able to leverage on our respective strengths," concluded Bhart.
AFET President Mrs. Napaporn Kurupasutachai commented, "As Bursa Derivatives is one of the leading exchanges in Asia, we feel that this MOU would be most beneficial to both exchanges especially in the area of potential joint product development which will increase mutual business opportunities. In addition to exchange of information and possibly technology, there would be opportunities to explore cross listing of products as AFET's leading product is Ribbed Smoked Rubber Sheet (RSS3) while Crude Palm Oil (FCPO) is the leading product of Bursa Derivatives."