MALAYSIAN DERIVATIVES EXCHANGE CHOOSES NYSE TECHNOLOGY FOR DIRECT MARKET ACCESS

Posted April 21, 2008

NEW YORK – NYSE Euronext and Bursa Malaysia Berhad introduced a new direct market access (DMA) platform for the Malaysian derivatives market based on technology from NYSE Euronext Advanced Trading Solutions.

“The solution makes true DMA relatively simple and straightforward – the system is open and standards-based so our clients are able to leverage existing connectivity and trading technology investments and all parties have transparency into the overall performance of the system,” says Stephen Kwong, Executive Director at AMFutures, a Kuala Lumpur-based firm.

Bursa Malaysia member firms will be able to use the service, which leverages the NYSE Euronext SFTI [Secure Financial Transaction Infrastructure] technology and offers a DMA gateway with privacy, low latency and high throughput. The Bursa Malaysia DMA gateway will also be connected with other nodes on the SFTI network to support international access to the exchange and its members.

“In launching this new trading gateway, we are now able to partner with our local member firms to offer an ultra-high performance, risk-managed channel direct to the market for trading,” says Omar Merican, Chief Operating Officer of Bursa Malaysia. “As a node on SFTI, this new solution provides truly open and global access to our market through a variety of networks and end-user applications. The investment we have made in Bursa Trade, our core trading platform, allows us to scale easily to accommodate the increased transaction flow we expect DMA to generate.”

The new DMA platform will support direct leased lines and BT’s Radianz Shared Market Infrastructure. “We worked closely with the Bursa Malaysia DMA team and a panel of Kuala Lumpur member firms to eliminate the traditional barriers to DMA trading,” says Peter Tierney, Managing Director, Asia-Pacific, NYSE Euronext. “The resulting solution provides Bursa Malaysia members with best-of-breed technology and provides members’ clients with access to an advanced platform using their choice of trading engine and network.”