Bursa Malaysia today announced the successful launch of the first
phase of its new trading engine Bursa Trade, powered by Atos Euronext
Market Solutions' NSC (Nouveau Systeme de Cotation / New Quote System)
trading engine.
YBhg. Dato' Yusli Mohamed Yusoff, Chief Executive Officer of Bursa
Malaysia said, "The successful launch of Bursa Trade for derivatives
trading is a major milestone for Bursa Malaysia. Bursa Trade, which is
built on a sophisticated, exciting and most advanced system, enables
us to meet the requirement for growth and alignment with international
trading. Bursa Trade also demonstrates our commitment to investing in
the right technologies in our effort to further improve market
accessibility and liquidity as well as increase trading efficiencies."
The new platform provides the Exchange with enhanced functionality
and flexibility with its revolving implied and sophisticated
strategies designed to improve market liquidity, resilience and
performance. With the system's increased capacity and performance,
Bursa Trade is able to support up to 8,000 orders per second.
Subsequent to the launch of the platform on 20 November 2006, Bursa
Malaysia broke its previous trading records. The Kuala Lumpur
Composite Index Futures (FKLI) hit a record volume of 28,591 contracts
while all exchange traded contracts hit 48,710 recently.
Dato' Yusli also added that with the upgraded system
infrastructure, market participants can look forward to greater system
stability during bullish times when there is a surge in the volume of
trading activity. In addition, Bursa Trade enables market participants
to define their own trading strategies using the new derivative
front-end trading system apart from those defined strategies provided
by the Exchange.
"We are delighted to bring to the Malaysian marketplace our
leading trading platform, which we believe will allow Bursa Malaysia
to deal with increased volumes and improved performance, as well as
continuing to innovate through the launch of new products. We look
forward to further developing our relationship with Bursa Malaysia",
said John Oddie, Global Head, Exchange Business Unit, AEMS.
Bursa Malaysia will now work closely with AEMS on the next phase
of the project which will transfer the cash equity market onto the
same infrastructure - which includes NSC (leading trading platform
used by 14 exchanges, including the Euronext Group), ARAMIS (market
surveillance platform used by 4 European Regulators), and PAM (broker
workstation).
About AEMS
AEMS is the leading global provider of technology solutions for
exchanges, clearing houses, banks, brokers, and intermediaries.
AEMS was created by two industry leaders - Atos Origin and
Euronext - who combined their interests to focus on providing
technology exclusively for financial markets. By taking the people,
assets, and technology from both of these organisations and bringing
them together into a single, independent company, the opportunity for
real leadership in this sector was created.
As market leaders, we value the insight of our clients and as
their technology requirements develop, we collaborate to find the most
suitable product solutions for their needs.
We serve global markets throughout the trading process - banks,
brokers, asset managers and intermediaries; exchanges; clearing houses
and CSDs.
We employ 1,300 industry experts worldwide and have offices in
London, Paris, Chicago, Dubai, Hong Kong, and Brussels.
