Bursa, Dalian exchange in landmark soybean oil deal

PETALING JAYA: Bursa Malaysia Derivatives Bhd and Dalian Commodity Exchange (DCE) have signed an agreement for the licensing of Soybean Oil Futures se...

Bursa Malaysia Derivatives Bhd and Dalian Commodity Exchange have signed an agreement for the licensing of Soybean Oil Futures settlement price, marking this the first product collaboration between a Chinese derivatives exchange and an Asian exchange based outside of China.

With that, the underlying asset of the FSOY contract will mirror that of the DCE Soybean Oil Futures. The product is targeted to be launched by Bursa Malaysia in the first quarter of 2024, subject to regulatory approval. The Soybean Oil Futures launched by DCE in 2006 is widely used as a price reference for China’s spot soybean oil trades, while their institutional market participants are industry players who account for 90% of the soybean crushing volume in China.

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theSundaily /  🏆 25. in MY

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