CME Group Inc. announced that in line with Bursa Malaysia Berhad's cooperative efforts with CME Group Inc to develop a robust derivatives market, the two exchanges are working towards a collaboration involving trade matching services, product licensing and minor cross-equity investments.
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The CME Group equity stake will relate to Bursa Malaysia's derivatives business. With this strategic partnership, CME Group will use Bursa Malaysia's RM-denominated CPO futures contract (FCPO) settlement prices, which will enable CME Group to develop a USD-denominated cash-settled CPO futures contract and its related options for listing on one of CME Group's US registered exchanges. This product is expected to be traded on CME Globex, which is CME Group's electronic trading platform
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