KLMEX's Interest Rate Exchange Rolls Out Trading Procedures for Institutional Traders and Clients

Online, July 21, 2013 (Newswire.com) - Given the direct and apparent link between currency and interest rates, Kuala Lumpur Mercantile Exchange (KLMEX) has decided to list currency futures on IRE-X. The IRE-X system also has the ability to do pre-trade approval as opposed to post-trade checking.

Given the sensitivity of currency trading, this system capability was imperative in order to restrict the currency derivative trading to those qualified participants only. In order to trade currency futures, the following procedures need to be in place for all traders and individuals or clients:

Traders:

Traders are required to become registered and approved on KLMEX as a commodities and currency futures trader.

An officer registration form must be completed and returned to the KLMEX.

Traders on the commodities and equity derivative market or the KLMEX equity market will not be required to write any exams in order to trade currency futures.

Current KLMEX traders can automatically trade in currency futures.

All current currency traders with a long history in the market will not be required to write any exams.

KLMEX approved IRE-X officers need to have the correct IRE-X software loaded on to their personal computers by a IRE-X employee.

The IRE-X software allows for both on-screen and off-screen trading.

Clients:

Clients will need to open an account with a registered KLMEX member.

Clients will be required to sign a client agreement with the member.

The client agreement specifies all the client's details.

Clients will be required to post initial margin with the member.

Initial margin eliminates any counterparty risk for every trade.

Clients are advised that they can make, but also lose, money when trading currency futures.

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 (www.klmex.org) 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.