KUALA LUMPUR (June 23): Bursa Malaysia Bhd has introduced a new clearing-only function as part of its participantship structure to promote specialisation among intermediaries based on their capabilities. This is to enhance the attractiveness and competitiveness of the Malaysian derivatives market and to facilitate market development. It made amendments to the participantship structure of Rules of Bursa Malaysia Derivatives Clearing Bhd (BMDC), as well as Rules of Bursa Malaysia Derivatives Bhd (BMD). Under the revamped participantship structure, BMDC has decoupled clearing participantship from trading participantship to allow for standalone clearing participants. Bursa Malaysia chief executive officer Datuk Seri Tajuddin Atan said, "This is an opportune time for Bursa Malaysia to further enhance the participantship structure to attract new intermediaries, including big financial institutions, to participate in the clearing of contracts traded on BMD."

Source: The Edge Markets June 23, 2017 06:11 UTC