KUALA LUMPUR (Dec 6): Bursa Malaysia Securities Bhd (Bursa Malaysia) said in a statement on Monday that its subsidiary Bursa Malaysia Derivatives Bhd (Bursa Malaysia Derivatives) had successfully launched its After-Hours (T+1) Night Trading Session (After-Hours Trading).

Bursa Malaysia Derivatives said the After-Hours Trading offered is an extension of the local bourse’s current market trading hours in line with global market practices.

It added that market participants will now be able to trade between 9pm to 11.30pm from Monday to Thursday, closing the gap between local and foreign market trading hours while creating new trading opportunities and drawing greater international participation.

In addition, After-Hours Trading is available for its commodity and equity index derivative contracts.   

“After-Hours Trading is important for hedging in the highly volatile crude palm oil market. Market participants will now have an avenue to better manage their risk exposure based on real-time global developments,” said Bursa Malaysia Derivatives chief executive officer Samuel Ho.

“By strengthening the connection between the Malaysian derivatives market and the global markets, the price discovery and effectiveness of our products as risk management solutions will be improved, hence enticing global investors to trade in our market.

“More recently, the exchange’s trading volume for FCPO in the third quarter of this year recorded a positive growth momentum with a total of 11.8 million contracts, an increase from 10.8 million in the same period last year," he added.