Bursa Malaysia Adopts Rules That Simplify Its Registration Process for Dealers
- One of South East Asia’s fastest growing trading venues implements new rules that reduce the time it takes for brokers and dealers to register. The Bursa Malaysia will deploy Straight Through Processing for registrations.
Participants trading in Malaysia's financial markets will benefit from a new registration process reducing the time it takes brokers to register with the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term. The country’s main Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term financial trading exchange, Bursa Malaysia (Bursa), reported that it will be deploying Straight Through Processing (STP) for the registration of brokers and dealers. The move supports the exchange’s on-going reforms that strengthen the venue's position as a competitive marketplace.
In a note issued today, the exchange reported that from the first of December Bursa Malaysia will implement Straight Through Processing (STP) for registering individuals such as Dealer’s Representatives, Futures Brokers Representatives and Directors of Brokers.
The new approach will support the processing of new applications. The exchange states in a briefing: “STP will enable a seamless registration process for registering the relevant individuals."
The Bursa has been undergoing significant changes as it aims to compete with neighbour Singapore as a regional financial hub. In 2009 the firm launched a number of initiatives to support the evolution. The exchange launched DMA products for the securities market. It introduced SBL-Negotiated trades, additionally, the exchange introduced Market-Making for Structured Warrants and Exchange Traded Funds.
“This initiative to implement STP on registration was undertaken in line with Bursa’s continuing effort to reduce cost and regulatory friction for its participants as well as improving efficiency of its services and time to market by leveraging on technology," explained the exchange.
Bursa Malaysia has been actively enhancing its systems and controls, last month, Australian entity, Macquarie Capital Securities introduced warrants for retail investors.
Malaysia has been one of the best performing economies in the region, in the first three months of the year its GDP grew over six percent. In addition, the Malaysian government put forward strong measures that support economic growth in the 2015 budget.
Bursa Malaysia's CEO, pictured, Tajuddin Atan, commented about the budget in a statement: "Budget 2015 demonstrates the government’s resolve in making Malaysia a more sustainable and competitive marketplace. As a market in transition, it is important that Malaysia stays on track and continues with the implementation of the planned fiscal policies. We were pleased to see that Budget 2015 recognises the importance of providing relief to businesses and individuals in this transitional period."
Participants trading in Malaysia's financial markets will benefit from a new registration process reducing the time it takes brokers to register with the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term. The country’s main Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term financial trading exchange, Bursa Malaysia (Bursa), reported that it will be deploying Straight Through Processing (STP) for the registration of brokers and dealers. The move supports the exchange’s on-going reforms that strengthen the venue's position as a competitive marketplace.
In a note issued today, the exchange reported that from the first of December Bursa Malaysia will implement Straight Through Processing (STP) for registering individuals such as Dealer’s Representatives, Futures Brokers Representatives and Directors of Brokers.
The new approach will support the processing of new applications. The exchange states in a briefing: “STP will enable a seamless registration process for registering the relevant individuals."
The Bursa has been undergoing significant changes as it aims to compete with neighbour Singapore as a regional financial hub. In 2009 the firm launched a number of initiatives to support the evolution. The exchange launched DMA products for the securities market. It introduced SBL-Negotiated trades, additionally, the exchange introduced Market-Making for Structured Warrants and Exchange Traded Funds.
“This initiative to implement STP on registration was undertaken in line with Bursa’s continuing effort to reduce cost and regulatory friction for its participants as well as improving efficiency of its services and time to market by leveraging on technology," explained the exchange.
Bursa Malaysia has been actively enhancing its systems and controls, last month, Australian entity, Macquarie Capital Securities introduced warrants for retail investors.
Malaysia has been one of the best performing economies in the region, in the first three months of the year its GDP grew over six percent. In addition, the Malaysian government put forward strong measures that support economic growth in the 2015 budget.
Bursa Malaysia's CEO, pictured, Tajuddin Atan, commented about the budget in a statement: "Budget 2015 demonstrates the government’s resolve in making Malaysia a more sustainable and competitive marketplace. As a market in transition, it is important that Malaysia stays on track and continues with the implementation of the planned fiscal policies. We were pleased to see that Budget 2015 recognises the importance of providing relief to businesses and individuals in this transitional period."