Malaysia Plans Futures Exchange; But Gets Cool Reception In Region

EXCHANGES

The Malaysian Monetary Exchange (MME) announced late last week that it is planning to set up a local currency futures exchange in response to the June/July launch by Finex, a division of the New York Cotton Exchange (Nyce), of four Asian currency futures--the Malaysian ringgit, Singapore dollar, Thai baht and Indonesian rupiah (FXW, June 2).

When Finex announced the introduction of the Asian currency contracts earlier this year, Colman Candy, managing director of Finex Europe in Dublin, said

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: