2 June 2017
BSO ANNOUNCES NEW POP IN BURSA MALAYSIA BERHAD
Giving financial traders reliable, low-latency access to the former Kuala Lumpur Stock Exchange.
We are pleased to announce that we have recently launched a new POP (Point of Presence) in Bursa Malaysia Berhad (formerly Kuala Lumpur Stock Exchange), located in the very heart of the APAC region and home to more than 900 companies across 60 economic activities.
As a fully-integrated exchange, Bursa Malaysia offers a comprehensive range of products which includes Equities, Derivatives, Futures and Options, Offshore and Islamic assets, as well as Exchange-related services such as listing, trading, clearing, settlement and depository.
The exchange is recognised for its Crude Palm Oil Futures Contract (FCPO), which was launched 35 years ago and is the global price benchmark for the palm oil industry. In September 2016, Bursa Malaysia introduced Bursa Malaysia-i, the world’s first end-to-end Shariah investing platform to mainstream Shariah investing and provide a choice to faith-based investors.
The exchange has ambitious plans for the future and is striving to become a hub for foreign investors in the region. Recently speaking to Mondovisione, Bursa Malaysia Chief Executive Officer, Datuk Seri Tajuddin Atan explains, “It is my aspiration that by 2020, Bursa Malaysia evolves into a leading and preferred regional marketplace with product varieties and diverse investor base investing in a seamless ecosystem.”
Fraser Bell, Chief Revenue Officer at BSO, comments on the development, “Bursa Malaysia is welcoming foreign investment with open arms and offers a highly comprehensive suite of contracts alongside an efficient approval process and tax incentives. The decision to install a BSO POP in the exchange demonstrates our commitment to supporting the exchange in facilitating foreign investors to be able to connect to the region with ease. It is also in-line with our mission to provide our finance clients with continuous, stable, low-latency access to the worlds’ most profitable emerging trading venues.”
From the new POP, BSO offers low-latency, reliable connectivity to the worlds’ most diverse markets including Singapore, Shanghai, London, Chicago and Dubai, designed to meet the trading infrastructure needs of financial organisations looking for the fastest trading circuits in Malaysia and the wider APAC region.
Interestingly, Malaysia is not only a financial hub but is also home to the country’s largest digital media entity, Rev Asia, who have recently merged with Malaysia’s Media Prima to rival Facebook and Google’s advertising platforms. Rev Asia has been listed on Bursa Malaysia’s Ace market since 2011.