Malaysia Derivatives Exchange

(Redirected from Kuala Lumpur Commodity Exchange)

The Malaysia Derivatives Exchange (MDEX), also known as Malaysian Distribution Exchange, is a limited share company formed during June 2001 in Malaysia through the merger of the Kuala Lumpur Options and Financial Futures Exchange (KLOFFE) and the Commodity and Monetary Exchange of Malaysia (COMMEX Malaysia). It is a subsidiary of the Kuala Lumpur Stock Exchange (KLSE).

MDEX is fully electronic, using the KLOFFE Automated Trading System (KATS). The exchange's most active contract is crude palm oil futures. It also trades futures and options on the KLSE Composite Index, three-month KLIBOR (Kuala Lumpur Interbank Offered Rate) futures, and five-year Malaysian Government securities futures. All derivatives except crude palm oil are cash settled. The KATS system has two trading sessions, separated by a lunch break. Trading is done Monday through Friday, from 8:45 a.m. to 6 p.m.

History

The Kuala Lumpur Commodity Exchange (KLCE) was the first futures exchange in Malaysia and all of Southeast Asia, established in 1980. The exchange moved to Dayabumi Complex in June 1984. In 1996, the Malaysian Monetary Exchange was incorporated to assist in the exchange's expansion to financial futures. The Commodity and Monetary Exchange of Malaysia (COMEX) succeeded the KLCE and the Malaysia Commodity Exchange, a subsidiary of the former KLCE. It merged with the Kuala Lumpur Options and Financial Futures Exchange (KLOFFE) in December 2000 and formed the Malaysia Derivatives Exchange (MDEX).

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.

References

"New site". Bernama. 1 June 1984.

External links

v t e Economy of Malaysia
History	Dawn Raid (Malaysia) 1997 Asian financial crisis Tiger Cub Economies Impact of the COVID-19 pandemic
Currency	Central Bank of Malaysia Malaysian ringgit
Banking and Finance	Kuala Lumpur Stock Exchange Islamic Banking Payments Network Malaysia (PayNet) Overnight Policy Rate
Government agencies	Employees Provident Fund Energy Commission of Malaysia Federal Land Development Authority Khazanah Nasional Permodalan Nasional Berhad Malaysian Industrial Development Authority
Corridors and Regions	East Coast Economic Region (ECER) Iskandar Malaysia (IM) Labuan International Business and Financial Centre (Labuan IBFC) Malaysia International Islamic Financial Centre (Kuala Lumpur) Malaysia Vision Valley (MVV) Northern Corridor Economic Region (NCER) Port Klang Free Zone (PKFZ) Sabah Development Corridor (SDC) Sarawak Corridor of Renewable Energy (SCORE) South Perak Region (WPS)
States	Johor Penang Sarawak
Economic blueprint	Vision 2020 Shared Prosperity Vision 2030 National Transformation 2050 (defunct)
Economic co-operation	BIMP-EAGA Indonesia–Malaysia–Singapore Growth Triangle Indonesia–Malaysia–Thailand Growth Triangle
Policies and Programs	Malaysian New Economic Policy (NEP) National Development Policy (NDP) New Economic Model (NEM) Government Transformation Programme (GTP) Economic Transformation Programme (ETP)
Agreements	Malaysia–European Union Free Trade Agreement Malaysia–New Zealand Free Trade Agreement Malaysia–United States Free Trade Agreement Regional Comprehensive Economic Partnership (RCEP) Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
Industries	Ports Transport Tourism Postal Agriculture Palm oil production Automotive
Other topics	List of Malaysia states by GDP List of Malaysian states and municipalities by exports Poverty in Malaysia Goods and services tax in Malaysia Bamboo network Subsidy reform in Malaysia
Category

Palm oil

Oil palms

Attalea
- A. maripa
- A. speciosa
Elaeis
- E. guineesis
- E. oleifera

Diseases and
pests

Bagworm moth
Basal stem rot (Ganoderma orbiforme)
Cadang-cadang disease
Little leaf syndrome
- Oryctes rhinoceros
- Rhynchophorus palmarum
Oil palm bunch moth
- Tirathaba mundella
- Tirathaba rufivena
Red ring disease (Bursaphelenchus cocophilus)

Components

Processes

Products

Organisations

Producers	Bumitama Agri Cargill Carson Cumberbatch Eagle High Plantations Equatorial Palm Oil Feronia Inc. FGV Holdings IOI Group Kuala Lumpur Kepong Berhad Sime Darby TH Plantations Wilmar International
Buyers / processors	AAK GreenPalm Neste Unilever
Governmental / non-governmental	FELCRA Berhad Federal Land Development Authority Indonesia Commodity and Derivatives Exchange Malaysia Derivatives Exchange Malaysian Palm Oil Board Roundtable on Sustainable Palm Oil

Policies, impacts
and debates

By country

Category
- by country

Categories:

Misplaced Pages