CME Group is in talks with Bursa Malaysia about an equity swap between the two exchanges. They also plan to develop a dollar-denominated crude palm oil contract.
The deal would echo CME’s arrangement with BM&F Bovespa, the merged Brazilian derivatives exchange, where a cross-shareholding cements cooperation on shared order routing and on contract design.
Both CME and Bursa Malaysia confirmed this morning (August 11) that discussions on a deal were under way. Despite some reports that suggested the deal had been completed, Futures and Options Intelligence understands that...