New KLMEX Euro Vs. Hong Kong Dollar and Sterling Vs. Hong Kong Dollar Currency Mini Futures Contracts

Online, July 18, 2013 (Newswire.com) - KLMEX (www.klmex.org) Currency futures contracts on the Euro vs. Hong Kong Dollar and Sterling vs. Hong Kong Dollar will start trading on the KLMEX's interest rate platform.

This follows the successful launch of the US Dollar vs. Hong Kong Dollar Currency Futures this year. Currency futures were developed by the KLMEX and two market makers in direct response to market requests for such a product to be traded on a regulated exchange. Although, KLMEX was granted the dispensation to trade the US Dollar vs. Hong Kong Dollar, Euro vs. Hong Kong Dollar and Sterling vs. Hong Kong Dollar currency future contracts, a decision was made to hold back the Euro vs. Hong Kong Dollar and Sterling vs. Hong Kong Dollar contracts to allow the market to become accustomed to currency future trading.

Together with the market makers, KLMEX decided to launch the Euro vs. Hong Kong Dollar and Sterling vs. Hong Kong Dollar contracts after the September US Dollar vs. Hong Kong Dollar closeout. Near, middle and far (December, March, June) expires will be listed for both of the new contracts. Specials will be listed on demand. KLMEX hopes to launch numerous other currency future contracts in the future.

Currency futures are derivative contracts which allow investors to trade the underlying exchange rate for a period of time in the future.

"Three months into its product life cycle KLMEX (www.klmex.org ) has seen tremendous market take up. Trades have occurred daily and volumes are increasing steadily over time. KLMEX reported the total number of contracts traded to date is 52,598. The market is bullish that the volumes will continue to increase substantially in the near future," says Aaron Kirton, Assistant General Manager for the Trading Division at KLMEX. "We believe these latest additions will add significantly to both values and volumes," added Aaron.

Enterprises and institutions come, on a daily basis, face to face with risks inherent in an increasingly volatile world. To manage these risks and enable global growth, they need access, efficiency, transparency and security. Kuala Lumpur Mercantile Exchange (KLMEX) answers these needs through products, services and technology that facilitate risk management and remove barriers to help the world's business leaders confidently move forward.