Interactive Brokers Expands Global Market Access with Bursa Malaysia
August 06 2024 - 9:00AM
Business Wire
Listed Derivatives on Bursa Malaysia
Available to Trade
Interactive Brokers (Nasdaq: IBKR), an automated global
electronic broker, has announced that its clients can now access
listed derivatives on Bursa Malaysia, one of the largest bourses in
ASEAN. With this launch, IBKR clients can now trade Crude Palm Oil
Futures (FCPO) and FTSE Bursa Malaysia KLCI Futures (FKLI)
alongside global stocks, options, futures, currencies, bonds, funds
and more from a single unified platform.
FCPO is a Ringgit Malaysia (MYR) denominated Crude Palm Oil
Futures Contract traded on Bursa Malaysia Derivatives, providing
market participants a global price benchmark for the Crude Palm Oil
Market since October 1980. For over 40 years, FCPO has been
actively used by edible oils and fats industry players as a risk
management solution, as well as by fund managers and financial
institutions for managing price fluctuations in the market. FKLI is
a Ringgit Malaysia (“MYR”) denominated FTSE Bursa Malaysia Kuala
Lumpur Composite Index (FBM KLCI) Futures Contract traded on Bursa
Malaysia Derivatives, providing market participants exposure to the
underlying FBM KLCI constituents. Both institutional and retail
investors actively use FKLI in their respective trading
portfolios.
David Friedland, Head of APAC for Interactive Brokers, stated,
“The introduction of Bursa Malaysia listed derivatives underscores
our commitment to expanding the breadth of products available on
our platform. Interactive Brokers clients worldwide can trade on
over 150 markets using a broad array of tradable instruments, and
we are pleased to add these new products to further improve our
clients’ trading opportunities and strategies.”
Interactive Brokers offers global market access, advanced
technology, and competitive pricing, benefiting self-directed
individual and institutional investors. In addition to Crude Palm
Oil and FTSE Bursa Malaysia KLCI futures, Interactive Brokers plans
to add other Bursa Malaysia products in the future.
For more information on trading futures on the Bursa Malaysia,
please visit:
US - Bursa Malaysia Futures (and countries served by IB LLC)
Canada - Bursa Malaysia Futures United Kingdom - Bursa Malaysia
Futures Europe - Bursa Malaysia Futures Hong Kong - Bursa Malaysia
Futures Singapore - Bursa Malaysia Futures Australia - Bursa
Malaysia Futures
The Best Informed Investors Choose Interactive Brokers
About Interactive Brokers Group, Inc.: Interactive
Brokers Group affiliates provide automated trade execution and
custody of securities, commodities, and foreign exchange around the
clock on over 150 markets in numerous countries and currencies,
from a single unified platform to clients worldwide. We serve
individual investors, hedge funds, proprietary trading groups,
financial advisors and introducing brokers. Our four decades of
focus on technology and automation has enabled us to equip our
clients with a uniquely sophisticated platform to manage their
investment portfolios. We strive to provide our clients with
advantageous execution prices and trading, risk and portfolio
management tools, research facilities and investment products, all
at low or no cost, positioning them to achieve superior returns on
investments. Interactive Brokers has consistently earned
recognition as a top broker, garnering multiple awards and
accolades from respected industry sources such as Barron’s,
Investopedia, Stockbrokers.com, and many others.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240802091733/en/
Media: Katherine Ewert, media@ibkr.com
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