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Brokers Get Direct Access to US Customers


KUALA LUMPUR: Nine Malaysian futures brokers received recognition by the National Futures Association to solicit and accept orders and customer funds directly from US customers as permitted by the United States Commodity Futures Trading Commission.

Bursa Malaysia Derivatives Bhd CEO Chong Kim Seng said in a statement yesterday that the nine futures brokers were: AmFutures Sdn Bhd, CIMB Futures Sdn Bhd, JF Apex Securities Bhd, Kenanga Deutsche Futures Sdn Bhd, LT International Futures (M) Sdn Bhd, Okachi Malaysia Sdn Bhd, Oriental Pacific Futures Sdn Bhd, OSK Investment Bank Bhd and TA Futures Sdn Bhd.

“With our brokers now having direct access to US customers, we see this as opening doors for new customer segments and thereby, increasing our trading base outside this region,” he said.

Source – The Star