Friday, October 29, 2010

Bursa Malaysia Derivatives offers Internet trading for futures products

KUALA LUMPUR: Bursa Malaysia Derivatives has launched of its Internet connectivity facility for futures traders to trade its derivatives products directly via the web-version of BMD Order Management System (BMD OMS).

Bursa Malaysia Derivatives chief executive officer Chong Kim Seng said this additional facility t provided an efficient and cost-effective platform for traders, especially those from the retail segment to participate in the derivatives market.

'This additional channel is aimed to enhance connectivity and spur market participation in our market. The Internet trading connection will allow retail participants to enjoy speedier and greater accessibility to trade our products. With the increasing reach, we definitely look forward to a more robust growth in the retail segment,' he said.

Before the introduction of this Internet connectivity facility, clients of derivatives brokers, both retail and institutional, had to place their orders through their brokers; whereas high volume traders used direct market access facility.

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