Interactive Brokers has integrated Bursa Malaysia’s listed derivatives into its platform. This expansion enables clients to trade Crude Palm Oil Futures (FCPO) and FTSE Bursa Malaysia KLCI Futures (FKLI), promising a new dimension to their investment strategies.
Expanded Market Access
According to the company, this addition enables traders to engage in these key Association of Southeast Asian Nations (ASEAN) market instruments alongside a range of other global financial products. Interactive Brokers has broadened its market access by incorporating Bursa Malaysia’s derivatives into its platform.
This move allows clients to trade FCPO and FKLI futures, two significant instruments in the ASEAN market. The FCPO is an MYR-denominated contract on Bursa Malaysia Derivatives, which has served as a global price benchmark for the crude palm oil market since 1980.
The contract is utilized by industry participants for risk management and by financial institutions to navigate price fluctuations. Similarly, the FTSE Bursa Malaysia KLCI Futures (FKLI) offers exposure to the FBM KLCI index to both institutional and retail investors.
David Friedland, the Head of APAC at Interactive Brokers, emphasized the significance of this step: "The introduction of Bursa Malaysia-listed derivatives underscores our commitment to expanding the breadth of products available on our platform."
Future Plans and Platform Features
This addition aligns with Interactive Brokers’ aim to enhance trading opportunities and strategies for its global clients. Besides the addition of FCPO and FKLI futures, Interactive Brokers has announced plans to incorporate other Bursa Malaysia products in the future.
The firm continues to focus on providing comprehensive market access, advanced technology, and competitive pricing to cater to both self-directed and institutional investors. By integrating Bursa Malaysia’s derivatives, the firm aims to further equip its clients with sophisticated tools and strategies for effective investment management.
Recently, Interactive Brokers reported strong financial results for the second quarter of 2024, showcasing a boost in earnings and revenues. For the period ended June 30, 2024, the brokerage firm registered diluted earnings per share of $1.65, representing a 37% jump from $1.20 in the corresponding period of the prior year.
Elsewhere, Interactive Brokers partnered with HSBC to allow the lender's clients access to international trading markets via a unified platform. HSBC's customers in the UAE will have access to equities , ETFs, and bonds in up to 25 markets and 77 exchanges globally.
