Tuesday, August 19, 2008

Bursa Malaysia to introduce new trading system soon

You might be awared from your remisier or securities firm about the news that Bursa Malaysia is going to deploy a new trading system called Bursa Trade Securities (BTS) soon, which is being developed with US-based Atos Euronext Market Solutions Ltd. This move is said to enhance the current equities and derivatives system to become a modern trading infrastructure.

The new system features a real-time matching compared to the current 10 second matching. It will has transparent pre-opening price, the best price limits info will be extended from the current 3 prices to 5. The closing price will also change from the current "last done price" to a "natural closing price".

This trading system upgrade will also initiate an upgrade to most of the online trading facilities provided by the securities firms, which require an upgrade to newer version of Java Runtime Environment (JRE).

You can click here to learn more about the new BTS system.


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