BMD gains European recognition

PETALING JAYA: Bursa Malaysia Derivatives Bhd’s (BMD) wholly owned subsidiary, Bursa Malaysia Derivatives Clearing Bhd, an approved clearing house for the Malaysian derivatives market, has received recognition as a third-country central counterparty (TC-CCP) by the European Securities and Markets Authority.

This TC-CCP recognition allow the BMD greater access to the European investment communities while European counterparties will find it easier and more cost-effective to do business with Bursa Malaysia, the exchange said in a statement.