KUALA LUMPUR: Affin Investment Bank Bhd expects the volume of shares traded by its clients on listed foreign stock exchanges to grow by 100% within the next 12 months with the launch of its cross border trading platform.
Affin Investment Bank executive vice president and head of stockbroking division Datuk Saiful Bahri Zainuddin anticipated the strong volume of shares to translate into some RM400 million in terms of value as compared to its current RM150 million to RM200 million level.
He said the cross border trading platform would allow remisiers and clients to trade in 11 foreign equity markets including exchanges in Singapore, Hong Kong, London, Tokyo and Jakarta.
"Some of our investors have shifted their investment horizon. It is a good time for you to expand your market and not limit it to the Malaysian market. There will never be a right time," Saiful told a press conference after the launch of the trading platform on Wednesday, Sept 22, 2010.
Affin Investment Bank executive vice president and head of stockbroking division Datuk Saiful Bahri Zainuddin anticipated the strong volume of shares to translate into some RM400 million in terms of value as compared to its current RM150 million to RM200 million level.
He said the cross border trading platform would allow remisiers and clients to trade in 11 foreign equity markets including exchanges in Singapore, Hong Kong, London, Tokyo and Jakarta.
"Some of our investors have shifted their investment horizon. It is a good time for you to expand your market and not limit it to the Malaysian market. There will never be a right time," Saiful told a press conference after the launch of the trading platform on Wednesday, Sept 22, 2010.
No comments:
Post a Comment