KUALA LUMPUR: Bursa Malaysia has gone live with its new trading engine, Bursa Trade Securities 2 (BTS2), on Dec 2, powered by Nasdaq OMX Group Inc's X-stream INET system.
The BTS2 project was delivered ahead of schedule, well in advance of the initial target set for the first quarter of 2014.
Bursa Malaysia Chief Executive Officer Datuk Tajuddin Atan said in a statement today that the delivery of the BTS2 project was a significant milestone for the exchange.
"The new trading platform will support the future needs of the securities market," he added.
The new platform will handle trading of equities, fixed income, exchange traded funds and issuer warrants for the Malaysian bourse through a more powerful engine that is faster.
"The Nasdaq OMX's X-stream INET 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," he said.
The stock exchange operator last upgraded its trading platform for the securities market in 2008.
Quoting AmResearch, a daily newspaper reported that Bursa Malaysia had allocated a capital expenditure (capex) estimated at RM150 million for its financial years ending Dec 31, 2013 to 2015.
The research house said the bulk of the capex would be for BTS2.
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