PETALING JAYA: Bursa Malaysia Derivatives Bhd has signed a memorandum of understanding (MoU) with Zhengzhou Commodity Exchange (ZCE) to establish a mutually beneficial cross-exchange partnership that can further the development of the Asian derivatives markets.

       Under the MoU, the two exchanges would collaborate in the areas of information exchange, conducting joint-research for product development, organising training and educational events while alternatively hosting periodic management and working visits between the exchanges, Bursa Malaysia said.

       As part of the MoU, both exchanges would also proactively engage their respective stakeholders to support wider progress of the Asian derivatives markets, it added.