Strategic Partnership
The MDEX entered a partnership with Chicago Mercantile Exchange to improve accessibility to its global offerings. This partnership includes licensing of the settlement prices of the crude palm oil futures (FCPO) to establish Malaysia as the global benchmark for the commodity.
The partnership involves swap of ownership. Chicago Mercantile Exchange holds 25% of the equity stake, while the remaining is held by Bursa Malaysia Berhad.
Read more about this topic: Malaysia Derivatives Exchange
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