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Wednesday, April 16, 2008

Bursa Malaysia Bags FOW’s Exchange Of The Year (Asia Pacific) 2008 Award In London

(mondovisione, 15 Apr 08)

Bursa Malaysia was recognised as the Exchange of the Year (Asia Pacific) 2008 against five other top Asia Pacific exchanges at the annual Futures & Options World (FOW) Awards 2008 in London. The win was due to Bursa Malaysia’s concerted efforts to promote, market and make itself attractive to investors outside of Malaysia.
The aim of the FOW Awards 2008 is to recognise exchanges that have made significant contributions towards the progress of global derivatives market throughout the past year. The FOW Awards 2008 was the curtain-raiser for the annual Derivatives World London, which is one of Europe’s largest annual derivatives events organised by FOW, a global derivatives magazine.
Commenting on the win, Dato’ Yusli Mohamed Yusoff, Chief Executive Officer of Bursa Malaysia said, “It is truly a great honour to be recognised by FOW and the judging committee of respected industry leaders. This recognition truly stamps Bursa Malaysia’s continuous efforts and initiatives to boost the derivatives market in Malaysia and across the region.”
Dato' Yusli added that one of Bursa Malaysia's winning criteria was the stellar performance of the Crude Palm Oil Futures (FCPO) contracts which achieved a 103% growth over a period of three years (2004 to 2007). This award further reinforced the global acceptance of the popular FCPO contract which has also become the preferred benchmark for the pricing of palm oil and palm-based products worldwide oil prices.
Nominees for the Exchange of the Year (Asia Pacific) 2008 include Shanghai Futures Exchange, Singapore Exchange, Bursa Malaysia, Australian Securities Exchange, National Commodity & Derivatives Exchange of India and Multi Commodity Exchange of India.
The sixteen award categories benchmark various facets of the industry including trading technologies, indices, execution houses and trading firms. The awards categories are Financial Derivatives House of the Year, Commodity Derivatives, Exchange of the Year (Americas), Exchange of the Year (Asia Pacific), Exchange of Year (EMEA), US Options Exchange of the Year, Exchange Newcomer, Developing Exchange, New Contract of the Year, Index of the Year, Execution House of the Year, Clearing Service of the Year, Independent Trading Firm, Clearinghouse of the Year, Technology Provider of the Year, Technology Product of the Year.
'The winners of the FOW awards 2008. Back row (from left to right) Allan Thomson, Johannesburg Stock Exchange; Raghbir Singh, Bursa Malaysia; Steven Stewart, Trading Technologies; Senior representative, Fortis; Sonny Schneider, Schneider Trading; John Parry, representing the European Climate Exchange; Natalie Coomber, FOW; David Gray, Chicago Board Options Exchange; Ahmad Sharaf, Dubai Mercantile Exchange; Nicolas Breteau, NewEdge; Arman Falsafi, CME Group; Mike Cahill, Options Clearing Corporation; Gerry Perez, Interactive Brokers; David Webber, PatSystems. Front row (seated, from left to right) Senior representative, MarquettePartners; Paul Francis-Grey, FOWeek; Deidre Lane, JPMorgan; Katherine Bradshaw, PatSystems.'

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