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December 11, 2006

Bursa Malaysia launches new derivatives trading platform

Bursa Malaysia has launched the first phase of its new derivatives trading engine, Bursa Trade.

By CBR Staff Writer

The trading platform, which is powered by Atos Euronext Market Solutions’ NSC trading engine, is designed to improve market accessibility and liquidity as well as increasing trading efficiencies.

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 November 20, 2006, Bursa Malaysia says it 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, CEO of Bursa Malaysia, says that with the upgraded system infrastructure, market participants can expect 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.

Bursa Malaysia will now work with AEMS on the next phase of the project which will transfer the cash equity market onto the same infrastructure – which includes NSC (a trading platform used by 14 exchanges, including the Euronext Group), ARAMIS (market surveillance platform used by four European regulators), and PAM (broker workstation).

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