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NEW YORK and KUALA LUMPUR, Malaysia, Dec. 10, 2013 (GLOBE NEWSWIRE) -- Bursa Malaysia (BURSA:MK) and NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), today announced that Bursa Malaysia has gone live with their new trading engine, Bursa Trade Securities 2 (BTS2) powered by NASDAQ OMX's X-stream INET. The project was delivered ahead of schedule on 2 December 2013, well in advance of the initial target of the first quarter of 2014.
"The delivery of the BTS2 project is a significant milestone for the Exchange. It reflects our commitment to enhance our trading environment for all our stakeholders. We are pleased to have partnered with NASDAQ OMX, to advance our trading platform to support the future needs for the securities market," said Dato' Tajuddin Atan, Chief Executive Officer, Bursa Malaysia.
The new platform now handles trading of equities, fixed income, Exchange Traded Funds and issuer warrants for the Malaysian bourse. X-Stream INET's system robustness and speed is leveraged to drive exchange innovation for Bursa Malaysia as it attracts a variety of market participants and creates innovative products and services to match international demand.
"As Bursa Malaysia becomes one of the leading centers for trading in the region, attracting new IPOs and meeting Islamic finance demands, NASDAQ OMX is dedicated to working with the Malaysian exchange to further grow the dynamic ASEAN market," said Lars Ottersgård, Senior Vice President, Market Technology, NASDAQ OMX.
About Bursa Malaysia
Bursa Malaysia is an approved exchange holding company under Section 15 of the Capital Markets and Services Act 2007. A public company limited by shares under the Companies Act 1965, Bursa Malaysia operates a fully-integrated exchange, offering equities, derivatives, offshore, bonds as well as Islamic products, and provides a diverse range of investment choices globally.
Bursa Malaysia Securities regulates and operates the securities trading activities in Malaysia, a stock market with more than 900 companies across 60 economic activities. Companies from the economic sectors are listed either on the Main Market for large-cap established companies, or on the ACE Market for emerging companies of all sizes. The Exchange adopts the FTSE Bursa Malaysia KLCI values as its main index.